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Lucas

Update on Lucas

Lucas is grateful for the previous loan, as it enabled him to expand his business. He now wants to include groceries in his shop and is requesting a loan of ksh.50000 to buy sacks of potatoes and onions. This will increase his income and hence improve his living standard.

Previous Loan Details

Lucas is a single man who lives at a rental house that has electricity, but not piped water. His greatest monthly expense is food for the family. For the past 3 months, he has operated a retail shop business. He faces a major challenge of seasonality in his business. Lucas dreams of expanding... More from Lucas'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
  • 1029
    View loans »
    Kenya Loans Fundraising
  • $43,108,375
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Lucas to buy sacks of potatoes and onions for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Lucas. It was first posted on Kiva on Jun, 2012. Learn More