Update on GraceGrace operates a clothes-selling business and she appreciates the support of her previous loan. She faces a major challenge in the high cost of transportation to her place of operation. She dreams of expanding and establishing a big business in the future.
Grace is requesting a loan of 40,000 KES, with which she wants to purchase two bales of clothes for resale. She decided to join Yehu to access loans to boost her business.
Previous Loan DetailsGrace is a woman with five children between the ages of 20 and 30. Only one of her children is attending school. She sells clothes in a shop which she operates from her home. She has been doing so for the past three years, dreaming of opening a boutique in the future. Grace owns a house that has ... More from Grace'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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