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Mwadiga

Update on Mwadiga

Mwadiga is applying for another loan to expand his existing business. He will use this 100,000 KES loan to purchase more stock of maize flour, wheat flour, rice, beans, sugar, soaps and detergents for resale. In the future, Mwadiga aspires to continue improving his business.

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

Previous Loan Details

Mwadiga is a married man with seven children, three of whom attend school while four have already graduated. He owns a house that has electricity and piped water. His greatest monthly expenses are food and school fees. He operates a retail shop selling sugar, wheat flour, cooking oil and maize... More from Mwadiga'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
  • 638
    View loans »
    Kenya Loans Fundraising
  • $39,776,825
    Funds lent in using Kiva
  • 84.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mwadiga to purchase more stock of maize flour, wheat flour, rice, beans, sugar, soaps and detergents for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Mwadiga. It was first posted on Kiva on Oct, 2010. Learn More