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Mwanasha

Update on Mwanasha

Mwanasha appreciates her previous loan that improved her living standards. Her previous loan enabled her to expand her business and earn a higher income.

She would like to apply for a loan of KES 50,000 to buy more palm leaves for her business. She thanks Yehu Microfinance Trust for their financial support.

Previous Loan Details

Mwanasha is a married woman and blessed with six children who are adults. She lives at her own house that neither has electricity nor piped water. Her greatest monthly expense is food. Mwanasha weaves mats using palm leaves and sells them at the market. She cites seasonality and stiff competi... More from Mwanasha'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
  • 794
    View loans »
    Kenya Loans Fundraising
  • $42,346,475
    Funds lent in using Kiva
  • 86.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mwanasha to purchase palm leaves for her mat-weaving business.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 9, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015
This photo was used before for a previous loan for Mwanasha. It was first posted on Kiva on Sep, 2013. Learn More