Kalerwe Tulla- Habib Group
Update on Kalerwe Tulla- Habib GroupYunus and his group thank the group of Kiva lenders for helping them buy a taxi previously. This has helped them earn income.
Yunus drives a taxi to earn a living. He started this job in 2003 after failing to find formal employment, and yet still having to meet the growing needs of his family. Yunus mainly deals in town service transportation.
Yunus acquired a loan in a group to purchase a taxi. However, he re-approached Ugafode for a add-on loan to pay tuition for his children at school. Yunus is a very hardworking and social gentleman.
Previous Loan DetailsHabib is a 37-years-old resident of Kalwere. He is married with three children. However, he also takes care of two widows and their children by providing them with basic needs, since they lost their husbands who were responsible for taking care of them. Habib drives a taxi to earn a living. He... More from Kalerwe Tulla- Habib Group's previous loan »
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
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- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Feb 19, 2014
- Mar 23, 2014
- Currency Exchange Loss:
- Jan 17, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.