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Rasoo

Update on Rasoo

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

She would like to apply for a loan to buy more stock of household consumables, wheat flour, maize flour, rice, and sugar.

She thanks Yehu Microfinance Trust for their financial support.

Previous Loan Details

Rasoo is a married woman and has been blessed with one child who is still too young for school. She owns a house that neither has electricity nor piped water. For the past four years, she has operated a retail shop, selling household consumables to local customers. She faces a major challenge wi... More from Rasoo'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
  • 620
    View loans »
    Kenya Loans Fundraising
  • $39,248,425
    Funds lent in using Kiva
  • 86.5
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Rasoo to buy more stock of household consumables, wheat flour, maize flour, rice, and sugar.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 20, 2014
Listed
Mar 18, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Rasoo. It was first posted on Kiva on Apr, 2013. Learn More