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Majani

Update on Majani

Majani appreciates the previous loan that improved his living standards. His previous loan enabled him to expand his retail shop business and earn a higher income. Besides the retail shop business, Majani operates a motorbike. He would like to apply for a loan of KES 80,000 to purchase spare parts for his motorbike and to add more household items to his business. He thanks Yehu for their financial support.

Previous Loan Details

Majani is 31 years old and married. He lives with his wife and four children in Samburu. He says that before he started his business he was doing a farming business. Because of that he and his wife were able to accumulate a significant amount of capital and decided to start-up his retail shop. Th... More from Majani'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
  • 963
    View loans »
    Kenya Loans Fundraising
  • $40,863,900
    Funds lent in using Kiva
  • 86.9
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $925 helped Majani to purchase spare parts for his motorbike and add more household items to his business.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2013
Listed
Jan 7, 2014
Currency Exchange Loss:
Possible
Expired:
Feb 6, 2014