Update on AnthonyAnthony has operated a clothes-selling business, where he sells at the market to town-dwellers and his neighbors. He cites his major challenge to be the rate of stock turnover, which is affected by seasons.
With the loan he is requesting, Anthony wants to purchase one bale of clothes for resale. He decided to join Yehu Microfinance Trust to access loans to boost his business. He appreciates the help.
Previous Loan DetailsAnthony is a hardworking man who is applying for a loan of 40,000 KES as a subsequent loan to expand to another business. He wants to establish a new business of cloth selling, so he will use the loan to buy bundles of clothes. More from Anthony'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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