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Mwanakombo

Update on Mwanakombo

Mwanakombo appreciates lenders for her previous Kiva loan that improved her living standards. She is requesting a new loan of 50,000 KES to purchase salt, bread, milk, soft drinks, rice, sugar, beans, and sweets for resale. Her previous loan enabled her to expand her business and earn a higher income. She thanks Yehu for their financial support.

Previous Loan Details

This is 37-year-old Mwanakombo. She is a widow and without children. She established her retail kiosk after getting a contribution from her brother, and she says that she is now doing well. She works full time in this business since it is her only business and the source of income she depends… More from Mwanakombo'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
  • 445
    View loans »
    Kenya Loans Fundraising
  • $38,327,075
    Funds lent in using Kiva
  • 87.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Mwanakombo to purchase salt, bread, milk, soft drinks, rice, sugar, beans, and sweets for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 25, 2014
This photo was used before for a previous loan for Mwanakombo. It was first posted on Kiva on Jul, 2012. Learn More