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Mboze

Update on Mboze

This is Mboze. Her earnings were a big help for her personal, household, and business expenditures.

She is requesting a loan to purchase sweets, milk, biscuits, rice and beans for resale. She appreciates Kiva for their financial support.

She looks forward to this financial increase with happiness and thankfulness in her heart.

Previous Loan Details

Mboze is a 49-year-old entrepreneur from Tiribe, Kenya. She is married with five children. Her husband is a retired worker. She operates a store selling beverages, including fresh milk and soft drinks. She initially started her business to improve herself and her store sold local foodstuffs such ... More from Mboze'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
  • 940
    View loans »
    Kenya Loans Fundraising
  • $41,080,625
    Funds lent in using Kiva
  • 87.8
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $250 helped Mboze to purchase sweets, milk, biscuits, rice and beans for resale.
91% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2014
Listed
Jun 15, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Mboze. It was first posted on Kiva on Feb, 2013. Learn More