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Suleiman

Update on Suleiman

This is Suleiman. He used a previous loan to buy additional foodstuff for his retail shop. His earnings were a big help in the education of his children and in the family's personal, household and business expenditures.

He would like to apply for another loan, this one for 35,000 Kenyan shillings, to buy additional stock of wheat flour, maize flour, rice and sugar. The more items displayed in the store the better.

Having more items to sell will result in better profits. The profits from his business will definitely help him to provide for his daily needs and the educational expenses of his children. He looks forward to this financial increase with happiness and thankfulness in his heart.

Previous Loan Details

Suleiman is a married man with one child who attends school. He lives in a rental house that has neither electricity nor piped water. For the past six years, he has operated a retail shop business, selling household consumptions to his neighbors and passersby. He also sells farm products, whi... More from Suleiman'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
  • 1033
    View loans »
    Kenya Loans Fundraising
  • $40,408,475
    Funds lent in using Kiva
  • 83.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Suleiman to buy additional stock of wheat flour, maize flour, rice and sugar.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Suleiman. It was first posted on Kiva on Aug, 2011. Learn More