Update on FatumaFatuma is taking out a new loan to expand her food vending business because demand has risen for the pasr few weeks. She does not want to disappoint her clients, so she wants to make new investments so that she can offer a variety of food in her food stall. Fatuma says that since her previous loans, her income has been gradually increasing hence improving the quality of life for her family. She needs to buy more ingredients which is why she is asking for this loan.
Previous Loan DetailsFatuma is requesting another loan for 80,000 KES, which she will use to establish another business of selling clothes. With the loan, she wants to purchase bundles of clothes for resale. With the previous loan, Fatuma's monthly income increased by 50 percent and with the additional profits she w... More from Fatuma'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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Success!! The loan was 100% repaid