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Emmanuel

Update on Emmanuel

Emmanuel operates a charcoal-selling business and his potential clients are neighbours and passers-by. He dreams of establishing a wholesale shop in the future.

With the loan of KES 50,000 he wants to purchase sacks of charcoal and firewood for resale. He decided to join Yehu to access financial support to improve his business and again he appreciates the previous Kiva loan which helped him to boost his business.

Previous Loan Details

Emmanuel is taking out a new loan in order to expand on the existing business. He is so grateful for the support he is getting; he was able to purchase stock in a large quantity. He says that his family's living standards have also improved. Emmanuel plans to buy more stock of charcoal to meet... More from Emmanuel'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
  • 942
    View loans »
    Kenya Loans Fundraising
  • $41,750,050
    Funds lent in using Kiva
  • 84.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Emmanuel to purchase sacks of charcoal and firewood for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013