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Riziki

Update on Riziki

Riziki appreciates the support and help from Yehu and Kiva at large. She operates a food stall which gives her funds to take care of her family.

Here again she comes to you requesting another loan of 50,000 Kenyan shillings to buy two sacks of vegetables and a bunch of firewood for use during the food preparation to meet the demands of her customers. She appreciates the support.

Previous Loan Details

With her previous Kiva loan, Riziki bought wheat flour, beans, and milk that she sold, increasing her working capital slightly. Now she is applying for a new Kiva loan, because the number of customers has increased. Riziki now has an established clientele, and her working capital is insufficient... More from Riziki's previous loan »

Additional Information

About Yehu Microfinance Trust

This loan is administered by Yehu Microfinance Trust, which was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Kenya

  • $1,800
    Average annual income
  • 985
    View loans »
    Kenya Loans Fundraising
  • $40,998,900
    Funds lent in using Kiva
  • 87.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Riziki to buy two sacks of vegetables and a bunch of firewood for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 15, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014