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Mejumaa

Update on Mejumaa

This is Mejumaa. Her previous loan was a big help in her business. She has been in this business for years now, and it keeps on growing.

She would like to apply for a loan to purchase more bales of clothes for her business. She looks forward to this financial increase with gladness and thankfulness in her heart.

Previous Loan Details

Mejumaa appreciates her previous Kiva loan that improved her living standards and enabled her to expand her business and earn a higher income. She is requesting a loan of KES 50,000 to purchase bales of clothes for resale . She thanks Yehu for their financial support. More from Mejumaa'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
  • 730
    View loans »
    Kenya Loans Fundraising
  • $42,190,575
    Funds lent in using Kiva
  • 88.0
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $575 helped Mejumaa to purchase more bales of clothes for her business.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015
This photo was used before for a previous loan for Mejumaa. It was first posted on Kiva on Sep, 2013. Learn More