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Isaac

Update on Isaac

Isaac is 28 years old and lives with his common-law wife. The couple does not yet have any children.

Isaac is a member of Yehu microfinance, located in the coastal region of Kenya. He lives with his beautiful wife in a rental house that has both electricity and piped water.

Isaac is a shoemaker and designer, and he sells to the general public. He is requesting another loan to buy leather and some decorations. With the help of this loan, he will be able to expand his business. Thanks to his previous loan, he was able to save money and start this current business.

Isaac’s dream is to open a shoe shop in future. In his free time he enjoys spending time with his friends.

Previous Loan Details

Isaac has operated a shoe design and sales business for the past three years. He also makes bags and wallets. He sells his products from his small storefront to neighbors and passers-by. Isaac dreams of building his own business premises in the future. The business's primary challenge is seasonai... More from Isaac'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
  • 612
    View loans »
    Kenya Loans Fundraising
  • $39,970,625
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Isaac to buy leather and some decorations.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Isaac. It was first posted on Kiva on May, 2011. Learn More