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Mnyazi

Update on Mnyazi

Mnyazi is asking for a loan because she believes that with it she will improve her business. The previous loan enabled her to save money to open this new tailoring business. However, she still operates her maize selling business. She feels that she was able to make a good investment with her previous loan which, to date, has allowed her to maintain her level of profits and to help her family cover their personal expenses. The loan of 40,000 KES that she is requesting will help her to purchase cloth materials and sewing threads for her business.

Previous Loan Details

Mnyazi is a married woman with five children, four of whom attend school. She owns a house that neither has electricity nor piped water. Her greatest monthly expense is food for the family. For the past five years, she has operated a maize selling business, selling retail to her neighbours and... More from Mnyazi'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
  • 990
    View loans »
    Kenya Loans Fundraising
  • $43,091,150
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mnyazi to purchase cloth materials and sewing threads for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014