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Mwinyihamisi

Update on Mwinyihamisi

His business is selling spare parts for motorcycles. Because of it, he's been earning his own income and therefore, helping his family on a daily basis.

This loan will help him to purchase more spare parts for motorcycles such as tires, inner tubes, pistons, rims, etc. He gives thanks for the help he's getting, since that way he'll be able to keep on growing.

Previous Loan Details

Mwinyihamisi, 31, is a hardworking, dedicated man who very much wants to get ahead. His spouse, who is also a business lady, is still childless. They live together in a rental house. Mwinyihamisi manages a beauty salon where he has employed two ladies. He started two years ago with his own cap... More from Mwinyihamisi'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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 721
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mwinyihamisi to purchase more spare parts for motorcycles.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014