Update on ColletarBecause her previous loan enabled her to to save money from her enterprise, Colletar is requesting a new one because she believes that it will improve her business. She is requesting a loan of ksh.50,000 to purchase body lotion, hair oil, jewellery. chemicals and hair conditioners for resale
Colletar 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 to help her family cover their personal expenses.
Previous Loan DetailsColletar is taking out another Kiva loan to improve her family’s living standards. The previous loan had a great impact on her business, as she was able to double her monthly profits. With the loan, Colletar wants to purchase chemicals, weaves, body lotions, bangles and necklaces for her clie... More from Colletar's previous loan »
About Yehu Microfinance TrustThis 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.
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Success!! The loan was 100% repaid