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Update on Kennedy

Kennedy is asking for a new loan to buy additional merchandise to sell such as bread, biscuits, soap, shampoo, and flour. Thanks to his efforts where he has successfully operated a motorcycle service, this has allowed him to have enough saving to open a retail shop. He says that he is still in his motorcycle business.

Kennedy is optimistic that if the loan is granted, he will be able to improve his store and attract more customers and buyers, which will improve his sales and profit. Since the previous loan, his living standards have greatly improved.

Previous Loan Details

Kennedy has four children, all of whom are attending school. He operates a bodaboda (motor cycle) and has been doing so for the last three years. He intends to use the loan of Ksh 30,000 to purchase some fuel and to service his motor cycle. His main challenge is the muddy roads during the rainy s... 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
  • 691
    View loans »
    Kenya Loans Fundraising
  • $44,920,450
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Kennedy buy merchandise to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 8, 2012
Nov 28, 2012
Currency Exchange Loss:
Nov 17, 2013
This photo was used before for a previous loan for Kennedy. It was first posted on Kiva on May, 2012. Learn More