Update on HalfanThis is Halfan. His previous loan was a big help in his business. He was able to purchase sacks of onions, tomatoes, and fruit. He has been in this business for years now, and it keeps on growing.
He would like to apply for another loan, this time for KES 20,000, to improve his fish-selling business, to purchase a fishing boat. His profits from business will definitely help him to sustain his daily needs and the educational expenses of his children. He looks forward to this financial increase with gladness and thankfulness in his heart.
Previous Loan DetailsHalfan is a 44-year-old married man with 3 children, all of whom are enrolled in school. He owns a house that has neither electricity nor piped water. For the past 6 years, Halfan has operated a grocery and a fish selling business, selling his goods from home. He also sells fried fish. His… More from Halfan'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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