Update on ArnoldArnold is a hardworking entrepreneur who has a bicycle repair business in Mombasa.
He is borrowing 30,000 KES through Yehu Microfinance Trust to buy soldering equipment for his business.
Arnold successfully paid back his previous loan and is now requesting a new loan to further build his business.
Yehu Microfinance Trust is relisting Arnold's business profile again in support of his efforts to secure the future of his business.
Previous Loan DetailsArnold is single and lives in a rental house that has electricity but not piped water. His greatest monthly expense is food for the family. For the past five years, Arnold has operated a bicycle repair business; his potential clients are bicycle riders in the area. Arnold has requested a loan ... More from Arnold's previous loan »
About Yehu Microfinance TrustThis 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.
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