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Mwanakombo

Update on Mwanakombo

Mwanakombo is a very hardworking and enterprising woman who says that she has been able to greatly increase her income and help her family, thanks to her hard work.

She asks for a loan to purchase petrol for her business. She is grateful for the financial support she has received.

Previous Loan Details

Mwanakombo belongs to Yehu Microfinance Trust located in Mombasa, Kenya. She has seven children and is married. She alternates her daily activities with her petrol-selling business which she has had for a number of years. It is going well for her, thanks to the daily effort she puts into her work.… More from Mwanakombo'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
  • 568
    View loans »
    Kenya Loans Fundraising
  • $39,222,100
    Funds lent in using Kiva
  • 87.2
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Mwanakombo to purchase petrol for her business.
70% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 13, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Mwanakombo. It was first posted on Kiva on Mar, 2013. Learn More