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Mwasabuni

Update on Mwasabuni

Mwasabuni is still in his scrap metal business, and thanks to it; he has been able to place his children in school. He says that the previous loans were of great help to him. He wants to make a new investment, but he does not have enough working capital. For this sole reason, he decided to apply for a new loan, in order to buy more scrap metal for sale. He is well known and this has enabled him to have an open market for his goods.

Previous Loan Details

Mwasabuni is applying for another loan to expand his business. He will use this 50,000 Kes loan to purchase 100 kgs of scrap metal. In the future, Mwasabuni aspires to continue improving his business. Since taking his last Kiva loan, Mwasabuni has greatly improved his family’s standard of l... More from Mwasabuni'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
  • 892
    View loans »
    Kenya Loans Fundraising
  • $42,394,375
    Funds lent in using Kiva
  • 85.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mwasabuni to to buy more scrap metal for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013