Update on OmarOmar has operated a boda boda (motorcycle) transport business for the past four years. His potential customers are neighbors and passers-by. He mentioned that two challenges for his business are stiff competition and a high cost of purchasing spare parts for maintenance.
With the loan, Omar wants to purchase spare parts to repair his motorcycle. He dreams of establishing real estate houses in the future. Omar joined Yehu because of its responsiveness to customer needs. He appreciates the last Kiva loan that helped him to start a vegetable stall.
Previous Loan DetailsOmar is a married man with six children, all of whom attend school. He owns a house that has electricity and piped water. His greatest monthly expense is school fees. He has operated a boda boda (motorcycle) business for the past three years, and neighbours and passersby are his potential cust... More from Omar'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.
714View loans »
Success!! The loan was 100% repaid