Update on HassanHassan operates a boda boda (motorcycle) transport business from the market.
He cites seasonality, especially during rainy season, since it becomes hard to transport during that time, as a challenge he faces. He dreams of establishing a retail shop in the future.
With the KES 50,000 he wants to establish a vegetable stall and needs to purchase vegetables, potatoes, tomatoes and onions.
He decided to join Yehu because of their favorable loan policies.
He thanks Kiva for the previous loan.
Previous Loan DetailsHassan is a married man with two children, both of whom attend school. He owns a house that has neither electricity nor piped water. His greatest monthly expenses are food and school fees. For the past six years, he has operated a meat goat business, selling wholesale and from home to his neighbo... More from Hassan'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