Update on LuvunoThis is Luvuno. She previously accessed a loan that she used to stock her food stall business. Her earnings were a big help for her personal, household, and business expenditures.
Luvuno would like to apply for a loan of KES 40,000 to purchase salt, bread, milk, soft drinks, rice, sugar, beans, and sweets for resale. Her profit from her business will definitely help her to provide for her daily needs. She looks forward to this financial increase with happiness and thankfulness in her heart.
Previous Loan DetailsLuvuno lives in her own house that neither has electricity nor piped water. She is a hardworking woman who operates a kiosk shop. She plans to open a wholesale shop in future. She is requesting 10,000 Kenya Shilling (KES) to purchase soft drinks, bread, bananas, and sugar for her business. She... More from Luvuno'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