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Stephen

Update on Stephen

Stephen has operated a retail shop business, selling household consumables like wheat flour, maize flour, and sugar. He faces a major challenge of stiff competition from other retail operators.The previous loan helped him to boost his business and he appreciates it much as he is now capable of meeting the needs of his family.

With the loan he is requesting he wants to purchase sugar, rice, maize flour and wheat flour. He decided to join Yehu to access loans to boost his business.

Previous Loan Details

Stephen is a married man with seven children, all of whom graduated from school. He owns a house that has electricity but not piped water. His greatest monthly expense is food for the family. For the past ten years, he has operated a retail shop business, selling retail to his neighbours and p... More from Stephen'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
  • 936
    View loans »
    Kenya Loans Fundraising
  • $41,140,500
    Funds lent in using Kiva
  • 87.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Stephen to purchase sugar, rice, maize flour and wheat flour to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Stephen. It was first posted on Kiva on Aug, 2011. Learn More