Update on MwikaliThis is Mwikali. Her previous loan was a big help in her business. She was able to buy more items for the business. She has been in this business for years now and it keeps on growing.
Mwikali would like to apply for a loan of KES 80,000 to buy more stocks of household consumables, eggs, wheat flour, maize flour, rice, sweets, and sugar. The more items displayed at the store, the better. More items to sell should result in greater profit. Mwikali's profits from the business will definitely help her to sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Previous Loan DetailsMwikali is a very hard-working and enterprising. She says that she has been able to greatly increase her income and help her family, thanks to her hard work. She is asking for a loan to buy ingredients such as wheat flour, milk, eggs, detergents, maize flour, and sugar that will help her to i... More from Mwikali'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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This loan has been fully funded!