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Muhudin

Update on Muhudin

This is Muhudin. His previous loan was a big help to his business by allowing him to expand his rental houses. He has been renting properties for years now, and the business keeps on growing.

Muhudin would like to apply for another loan, in the amount of KES 50,000, to buy furnishings, cement, and wall paints for his rental houses. The profits from his business help him to sustain his daily needs and pay for his children's education. He looks forward to the anticipated financial boost made possible by this loan with gladness and thankfulness in his heart.

Previous Loan Details

Muhudin is taking out another Kiva loan of KES 50,000 to boost his existing business. With the loan, he wants to construct rental houses and purchase cement and sand. He dreams of establishing more rental houses in the future. Thanks to Yehu and Kiva lenders for giving him opportunity to access… More from Muhudin'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
  • 612
    View loans »
    Kenya Loans Fundraising
  • $39,169,650
    Funds lent in using Kiva
  • 83.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Muhudin purchase furniture, cement, and wall paints for his rental houses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014