Check out some available loans that are similar to this one!
Geoffrey

Update on Geoffrey

Geoffrey operates a motor vehicle transport business in town. In addition he also operates motorcycle transport business, which earns him additional income. His major challenge is the high cost of purchasing fuel for his business.

With the KES 50,000 he wants to add on his savings and purchase another motorcycle. He decided to join Yehu to access loans to boost his business and improve his living standards.

Previous Loan Details

Geoffrey has operated a matatu (motor vehicle) business for the past five years. His potential customers are passers-by and travelers. He faces a major challenge in the high costs of servicing his vehicle. Geoffrey dreams of purchasing another motor vehicle in the future. Geoffrey and his wife… More from Geoffrey'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
  • 445
    View loans »
    Kenya Loans Fundraising
  • $38,327,075
    Funds lent in using Kiva
  • 83.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Geoffrey to add to his savings and to purchase another motorcycle.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Geoffrey. It was first posted on Kiva on Jul, 2011. Learn More