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Chongwa

Update on Chongwa

Chongwa says that thanks to the previous loan that he received from Kiva, he was able to provide better products to his customers and the business was able to grow sufficiently. He is very grateful for this support.

He is once again interested in asking for further assistance. He wants to invest again in the store to be able to stock it with more products and a variety of supplies such as chicks, feed and other supplies. He is very grateful for the new opportunity that he is receiving and it will be a great help to him.

Previous Loan Details

Chongwa is 43 and has been married to Hadija for more than 15 years. They live in their own house in the town of Tiribe and have seven children who are all attending school. Chongwa is a very self-sacrificing person. He says that he was a fisherman for a long time before starting a chicken s... More from Chongwa'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
  • 924
    View loans »
    Kenya Loans Fundraising
  • $41,686,525
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Chongwa to buy chicks, feed and other supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 13, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Chongwa. It was first posted on Kiva on Sep, 2012. Learn More