Check out some available loans that are similar to this one!
Mwero

Update on Mwero

Mwero is taking out a new loan so as to expand on his existing business. With the previous investment, he was able to purchase cows and goats. This enabled him to earn more profits. Mwero states that the major challenge to his business is disease outbreak and theft. With the profits, he was also able to finish constructing his house. Thankful for this business, he wants to expand it and purchase a motorcycle taxi in the future. With this loan, he wants to buy six cows and pay for their transport labor to the market.

Previous Loan Details

Mwero is a married man with nine children; one still attends school while eight are adults. He owns a house that neither has electricity nor piped water. His greatest monthly expense is food for family. For over ten years, he has operated a cow and goat selling business, selling at the market... More from Mwero'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
  • 952
    View loans »
    Kenya Loans Fundraising
  • $41,033,900
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Mwero to buy six cows and pay for their transport labor to the market.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 7, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Mwero. It was first posted on Kiva on Jun, 2011. Learn More