Update on NassonNasson still operates a clinic, which serves the entire neighborhood. He is a very industrious, gentle man who makes sure that his customers are always well-served. He is so grateful to both Yehu and Kiva for the previous loans that made him save money to start a new business.
His plan is to use the requested loan of Ksh 50,000 to open a grocery store just beside his house. He intends to purchase tomatoes, onions, cabbages, and fruits. Since his house has electricity and running water, the electricity will enable him to work even late at night so as to maximize his profits.
Previous Loan DetailsNasson is a married man with one child who attends school. He lives in a rental house that has electricity but not piped water. His greatest monthly expense is food for the family. He has operated a game-playing station business at the market for the past four months. His potential customers ... More from Nasson'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