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Mwatsuma

Update on Mwatsuma

Mwatsuma is a hardworking and caring father. His wife is a very industrious person who wants to support her family with good conditions and hard work. She does farming and sells her farm produce from her home.

As a responsible man, Mwatsuma decided to start a fish selling business, a business he has run for more than five years so as to help support the family. He began to engage in the purchase and sale of fried fish.

His place of trade is located in the central market of the Likoni region.

He brings fresh fish which he later fries, and this attracts many buyers. He gets his products from the fishmongers.

Thanks for his first loan, which helped him increase his purchases. He is now applying for a second loan to purchase more fish for sale. He is so grateful to Kiva and Yehu.

Previous Loan Details

Mwatsuma is a married man with two children: one girl and one boy. He lives in a rental house that has neither electricity nor piped water. His greatest monthly expenses are rent bills and food. For the past four years, he has been selling fish at the market to his neighbours and passersby. He dr... More from Mwatsuma'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
  • 848
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 84.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mwatsuma to purchase more fish for sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Mwatsuma. It was first posted on Kiva on Aug, 2011. Learn More