Update on SalimSalim says that thanks to the previous loan that he received from Kiva, he was able to provide better products to his customers, and he was able to grow sufficiently. He was very grateful for this support.
Today, he is once again interested in asking for further assistance. He wants to invest again in the grocery store to be able to stock it with more products and a variety of supplies such as beverages, dairy products, vegetables and other supplies. He is very grateful for the new opportunity that he's receiving since it will a great help to him.
Previous Loan DetailsSalim is married with four children, all of whom attend school. He lives at a rental house that has electricity but not piped water. His greatest monthly expense is school fees. Salim has operated a grocery selling business for the past ten years, selling to his neighbours and town dwellers. H... More from Salim'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