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Lugo
Lugo is married and has three children. He lives with his wife in a village of Kwale district, Kenya. He earns a living through selling vegetables in the local market to support his family, and his wife does some planting in the village. Having been in this business for almost three years, he can earn up to 200 KES on average per day, and he can afford to set aside nearly 100 KES per day.

This is the first loan for Lugo with Kiva's field partner, Yehu Microfinance Trust. From having a good business, he is applying for a loan of KES 20,000 to buy more vegetables to sell and to use a portion to buy a vegetable store in the market for selling them. He hopes that this loan will enable him to own a vegetable store so as to increase his vegetable-selling business and make his family's living conditions better.

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.

About Kenya

  • $1,800
    Average annual income
  • 1007
    View loans »
    Kenya Loans Fundraising
  • $43,148,500
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Lugo to buy a store in the market to sell vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2012
Listed
Jun 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013