Check out some available loans that are similar to this one!
Rama

Update on Rama

Rama has operated a retail shop business and motorcycle transport business. His potential customers are market dwellers and neighbors. He faces a major challenge of competition from other motorcycle operators.

With the Kshs 50,000, he wants to purchase 5 sacks of beans, 50 litres of cooking oil, 4 bundles of wheat flour, 3 bags of rice and spare parts for the motorcycle business. He decided to join Yehu to access loans to boost his business and he is thankful for the support.

Previous Loan Details

Rama is requesting a new loan to expand his general store. He used his previous loan to add to his inventory and his living standards have improved. Rama says that most of the people in his vicinity prefer coming to his shop because of his reasonable prices and the fact that he even gives out some… More from Rama'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
  • 320
    View loans »
    Kenya Loans Fundraising
  • $38,107,150
    Funds lent in using Kiva
  • 86.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rama to purchase 5 sacks of beans, 50 litres of cooking oil, 4 bundles of wheat flour, 3 bags of rice and spare parts for the motorcycle business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 15, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014