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Mlongo

Update on Mlongo

Mlongo appreciates the support for her previous loan which helped her to buy goats for meat.

She says the business has been running well and she wishes to expand it; therefore she is requesting a loan of KES 40,000 to buy 8 goats for meat sale to earn more income and continue supporting her family well. She thanks Yehu and Kiva at large.

Previous Loan Details

Mlongo is a 53-year-old woman. She has four children and three are enrolled in school. Her husband's name is Bezani and he does farming. Mlongo operates a business of raising goat for meat sale at the market. She's worked in this business for 10 years. Her primary customers are residents. Mlongo'... More from Mlongo'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
  • 716
    View loans »
    Kenya Loans Fundraising
  • $42,279,525
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mlongo to buy 8 goats for meat sale to earn more income.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 27, 2014
Listed
Jan 24, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015