Update on SaidiThis is Saidi. He previously accessed a KES 30,000 loan that he added to his savings and purchased a motorcycle. His earnings were a big help for the education of his children and in their personal, household, and business expenditures.
He would like to apply for another loan of KES 30,000. With the loan he wants to purchase another motorcycle for his business to enable him cover a large geographical region. His profit from his business will definitely help him to provide for his daily needs and the educational expenses of his children. He looks forward to this financial increase with happiness and thankfulness in his heart.
Previous Loan DetailsSaidi is a forty-four-year-old married man. He has three children and all are enrolled in school. Saidi operates a motorcycle transport business and sells his services at the market. He's worked in this business for two years and was previously employed selling clothes. His primary customers are ... More from Saidi'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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