Update on DuncanDuncan has operated a boda boda (motorcycle taxi business) for the past three years; his customers are town dwellers and passersby. The rainy season is his major challenge due to the hardships of transportation in wet weather.
He decided to join Yehu to access its loans. With this 50,000 KES loan, he wants to buy spare parts to repair his motorbike to increase his efficiency. He dreams of expanding this business in the future.
Previous Loan DetailsDuncan is a married man with two boys who attend school. He lives in a rented house that has electricity but no piped water. His greatest monthly expenses are school fees and food for the family. For the past two years, Duncan has operated a boda boda (motorcycle taxi business), his customers... More from Duncan'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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