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Mtama

Update on Mtama

Mtama is a very hardworking and enterprising woman who says that she has been able to greatly increase her income and improved her living standards thanks to her hard work. She still operates the cafe business and prepares food for her customers.

She is asking for a loan to buy ingredients such as wheat flour, milk, eggs, maize flour, and sugar that will help her to invest back into her business. She is grateful for the new support she has received.

Previous Loan Details

Mtama operates a cafe, selling from home to her neighbors and passersby. She faces stiff competition from other cafe operators in her business. With the KES 50,000 she wants to purchase bundles of maize flour, rice and wheat flour for food preparation. She decided to join Yehu to access loans… More from Mtama'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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 409
    View loans »
    Kenya Loans Fundraising
  • $38,141,300
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mtama to buy ingredients such as wheat flour, milk, eggs, maize flour and sugar that will help her to invest back into her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014