Update on EmmanuelEmmanuel is a very hardworking man who always has the urge to move forward. He is grateful and says that since the last loan his business has grown tremendously. Emmanuel says that he was able to increase the number of goats he purchased from three to eight. He is now requesting a new loan to invest in his current business. With this loan, he plans to purchase two bulls for resale. He is sure to earn a good income from this investment. His hope is to become a livestock farmer. It should be noted that Emmanuel also runs a retail shop.
Previous Loan DetailsEmmanuel is a 30-year-old married man with three children between the ages of one and seven. One of his children is enrolled in school. He is married to Salama, a businesswoman. Emmanuel operates a kiosk and a goat-meat business. He owns a house that has neither electricity nor piped water. He de... More from Emmanuel'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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