Check out some available loans that are similar to this one!
Abubakar

Update on Abubakar

Abubakar is applying for another loan to start a motorbike transportation business. He will use this 65,000 Kes loan to purchase a new motorbike for this business. In the future, Abubakar aspires to continue improving and expanding his businesses.

Since taking his last Kiva loan, Abubakar has greatly improved his family’s standard of living. He hopes to continue accessing the financial services offered by Yehu and Kiva lenders and thanks you for your support!

Previous Loan Details

Abubakar is a married man with three children. One of his children attends and the other two are still too young for school. He lives in a rental house that has electricity but not piped water. His greatest monthly expenses are food and electricity bills. For the past five years, he has operat... More from Abubakar'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.

About Kenya

  • $1,800
    Average annual income
  • 948
    View loans »
    Kenya Loans Fundraising
  • $41,080,625
    Funds lent in using Kiva
  • 93.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Abubakar to purchase a new motorbike for his transportation business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012
This photo was used before for a previous loan for Abubakar. It was first posted on Kiva on Jul, 2011. Learn More