Update on MasudiMusudi lives in Msambweni where he continues operating his retail shop that has run for a number of years. He chose this activity because it enables him to spend time with his family since his shop is located in his home. Masudi remembers how he started with a small amount of capital, but thanks to his efforts and loans fron Kiva and Yehu, his business has grown.
Masudi has the desire to expand his business to increase his monthly income and continue educating his children. He is therefore requesting another loan to increase his inventory through the purchase of cooking oil, rice, a weighing machine, bread, etc. His goal for the future is to have a bigger store.
Previous Loan DetailsMasudi is a married man who has two girls and two boys, all of whom attend school. He owns a house that has neither electricity, nor piped water. His greatest monthly expense is the high cost of purchasing seedlings for farming. For the past six years, he has operated a retail shop business,… More from Masudi'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