Update on MesalimMesalim is asking for a loan because she believes that through it, she will improve her business. The previous loan enabled her to save money in her cloth-selling business. She is requesting for a loan of 40,000 Kenyan shillings to purchase more bales of cloths for her 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 help her family cover their personal expenses
Previous Loan DetailsMesalimu is a married woman who lives in a house that has neither electricity nor piped water. Her greatest monthly expense is food for the family.
For the past three years, she has operated a clothes-selling enterprise, retailing at the market to her neighbours and passersby. She faces a… More from Mesalim'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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
336View loans »
Success!! The loan was 100% repaid