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Update on Michael

With this new loan of 40,000 KES (Kenyan shillings) that he is requesting from Yehu, Michael wants to grow his business by restocking it with more products. He plans to buy basic grains, salt, coffee, flour, detergent, eggs, shortening, sugar, soft drinks, snacks, condiments, medicines and other products.

Michael's goal is to continue to be in business and provide for his family. He is grateful for the previous loan, which he says had a positive impact on his business. This new loan will enable him to provide better service to his customers.

Previous Loan Details

Michael is a single man who owns a house with neither electricity nor piped water. His greatest monthly expense is school fees for his siblings. Michael has operated a retail shop for the past four years; his potential clients are his neighbors and passers-by. He faces a major challenge of tr... More from Michael'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
  • 855
    View loans »
    Kenya Loans Fundraising
  • $42,924,225
    Funds lent in using Kiva
  • 85.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Michael to buy basic grains, salt, coffee, flour, detergent, eggs, shortening, sugar, soft drinks, snacks, condiments, medicines and other products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 31, 2012
Nov 20, 2012
Currency Exchange Loss:
Nov 17, 2013
This photo was used before for a previous loan for Michael. It was first posted on Kiva on Jan, 2012. Learn More