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Rumba

Update on Rumba

This is Rumba. His previous loan was a big help in his business. He was able to purchase more stock for his business. He would like to apply for a loan of KES 40,000 to buy more stock of household consumables such as wheat flour, salt, sugar, cooking oil and maize flour for his business.

Rumba's profits from business will definitely help him to sustain his daily needs. He looks forward to this financial increase with gladness and thankfulness in his heart.

Previous Loan Details

Rumba, who is 41 years old, lives with his wife and children in his own home. He owns a store where he sells products for daily consumption, like basic grains, bread, eggs, milk, etc. He has had this business for two years and it has given him good experience in sales, which has allowed him to… More from Rumba'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
  • 475
    View loans »
    Kenya Loans Fundraising
  • $38,222,800
    Funds lent in using Kiva
  • 86.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Rumba to buy more stock of household consumables such as wheat flour, salt, sugar, cooking oil and maize flour for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2013
Listed
Jan 7, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Rumba. It was first posted on Kiva on Oct, 2012. Learn More