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Update on Kennedy

Kennedy is a vendor who sells fish. Since starting his business in 2007, he has had problems running out of stock, and this directly influences the level of satisfaction of his customers. However, he is so grateful for the previous loan, which had a positive impact on his business and improved his general household. In order to solve this issue, he is requesting another loan with Yehu in order to strengthen his business. He will buy more stocks of fish.
He intends to invest the profits back into his business in order to be able to purchase refrigeration units for wholesale distribution.

Previous Loan Details

Kennedy is 23 years old. He is married and has three children, all of whom attend school. He rents a house that has electricity but not running water. His greatest monthly expenses are food and school fees. Kennedy has been selling fish to his neighbors and passersby. The major challenge h... More from Kennedy'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
  • 583
    View loans »
    Kenya Loans Fundraising
  • $39,225,400
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Kennedy to buy more stocks of fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 12, 2012
Nov 5, 2012
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Kennedy. It was first posted on Kiva on May, 2012. Learn More