Update on HamisiHamisi is taking out another loan to invest in a new business. He is very attentive towards other people. He has been operating a kiosk for four years, selling consumer goods. He is very well-known in his area and is very responsible. He is always looking to provide a better future for his family, and he has always achieved this. He also owns a motorbike taxi, which generates extra income.
Hamisi has decided to request a loan from Yehu to add stock of wheat flour, sacks of sugar, and balers of maize flour. He is very happy to have taken this decision because it will guarantee that the income will increase, and he will be able to fulfill his dream of ensuring that his family do not lack the basics.
He pledges to make his loan repayments on time and even hopes that he will be able to do so before the scheduled repayment date.
Previous Loan DetailsHamisi is a married man with ten children, six of whom are enrolled in school, two have completed school, and two are still too young for school. His wife is a businesswoman who contributes to the provision of the family’s basic needs. He owns a house with neither electricity nor piped water. His… More from Hamisi'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
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Jul 19, 2012
- Jul 24, 2012
- Currency Exchange Loss:
- Nov 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.