Update on RashidRashid has been operating a retail shop business, selling household consumables like wheat flour, rice and cooking oil. He is happy for the opportunity Yehu and Kiva lenders have given him.
Rashid is requesting another Kiva loan of KES 50,000. He will use it to boost his kiosk, by purchasing bundles of wheat flour, maize flour, tea leaves, and cooking oil. He dreams of expanding to a wholesale shop, in the near future.
Previous Loan DetailsRashid is a single man who is an enterprising person who owns a retail shop located in his parents’ compound. He has decided to carry out his financial transactions with Yehu and is requesting a loan with the intention to buy items for his retail shop. He has been carrying out this activity for t... More from Rashid'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