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Wangoni

Update on Wangoni

Wangoni is a very hardworking person who has gotten his family ahead through great efforts. He is taking out a new loan to invest in his current clothes-selling business. He has gained a lot of experience in this field, but because of significant financial difficulties he needs this loan to buy more clothing to sell to his customers. His dream is to have a shop where he can work, because this would increase his sales and allow him to generate more income and offer his family a better quality of life. Wangoni appreciates the support he is receiving, especially this new loan. He promises to repay his loan punctually so that he can continue to take out loans in the future.

Previous Loan Details

Wangoni is a married man with two children who are still too young for school. He owns a house that has neither electricity nor piped water. His greatest monthly expenses are food and medical bills. For the past two years, he has operated a clothes selling business, selling door to door to his... More from Wangoni'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
  • 804
    View loans »
    Kenya Loans Fundraising
  • $42,362,775
    Funds lent in using Kiva
  • 85.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Wangoni to buy bundles of clothing to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Wangoni. It was first posted on Kiva on Dec, 2011. Learn More