Update on MwinyiEvery person wants to have a prosperous life and this is also the desire of this man. Mwinyi is a dedicated man who is very hard working. He has been running a retail shop which has been his main source of income to support his family. For this sole reason, he takes his business very seriously. Thanks to the previous loan that enabled him to establish his clientele, he has increased his income. He wants to expand his business and that is why he is requesting this loan to add to his stock of rice, beans, flour, condiments, noodles, and other instant goods. Mwinyi is grateful to Kiva lenders for their support!
Previous Loan DetailsMwinyi is a married man with six children who attend school. His wife is a businesswoman who contributes to the family income. He owns a house with neither electricity nor running water. His greatest monthly expense is food for his family. Mwinyi has operated a retail shop for the past six… More from Mwinyi's previous loan »
About Yehu Microfinance TrustThis 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Nov 30, 2012
- Dec 19, 2012
- Currency Exchange Loss:
- Feb 27, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.