Update on FaithFor the past few years, Faith has owned a retail shop business, where neighbors and town dwellers are her potential customers. She faces a major challenge of fluctuations in the number of clients, hence perishing of goods, leading to losses.
With the 50,000 Kenyan shillings, she wants to purchase stock of goods like sugar, rice, maize and wheat flour, and cooking fat. She dreams of expanding to a wholesale shop.
Previous Loan DetailsFaith is a married woman with three children all of whom attend school. She owns a house that has electricity and piped water. Her greatest monthly expenses are food and high transport costs. She has operated a retail shop for over two years, selling to her neighbours and passersby. In additio... More from Faith'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