Update on SaidSaid has operated a store for seven years. His business has been doing very well because he has a loyal customer base. He explains that his customers are so loyal because of his excellent service and because he operates the best-stocked store in the neighborhood. As a result of these factors, he has enjoyed lots of success.
He dreams of being able to continue to grow the business so that he can earn enough to help his wife with the household expenses. He is now requesting this loan to buy additional items such as drinks, sugar, rice, and flour, as these his the best-selling products. He is grateful for the help he is receiving, and says that the loan proceeds will be very useful.
Previous Loan DetailsSaid is a married man with three children, all of whom attend school. He owns a house that has electricity but no piped water. His greatest monthly expenses are food and transportation. Said has operated a retail shop for the past six years, selling from home to his neighbors and passersby. T... More from Said'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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Success!! The loan was 100% repaid