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Joyce

Update on Joyce

Joyce operates a clothes-selling business, selling from door to door and from home to her neighbours and passersby. She faces a major challenge of seasonality in her business.

With the loan that she is requesting, she wants to purchase a bale of kids’ wear clothes for resale.

She decided to join Yehu to access loans to boost her business.

Previous Loan Details

Joyce, 26, is a mother; she has one child who is still too young for school who is Joyce’s reason to strive. She’s from Samburu, Kenya. She currently has a well-established clientele in the area and her clothes orders are increasing accordingly. Thanks to her effort and dedication, she has been… More from Joyce'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
  • 334
    View loans »
    Kenya Loans Fundraising
  • $38,092,825
    Funds lent in using Kiva
  • 86.7
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Joyce to purchase a bale of kids' wear clothes for resale.
58% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 8, 2014
Currency Exchange Loss:
Possible