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Rashid
Rashid is a 50-year-old married man. He has six children and three are enrolled in school. His wife's name is Zainab and she operates a food kiosk business. Rashid operates an M-PESA business in a shop. He's worked in this business for six months. Her primary customers are from the community. Rashid's other source of income comes from sales from farm produce. He describes his greatest business challenge to be market competition and system delays and his highest monthly expense is spent on food. He owns a house that has neither electricity nor piped water. Rashid will use the KES 30000 loan to add M-PESA float. Rashid aspires to hire employees and open many branches in the future. He joined Yehu because of its product varieties and loan lead time.

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.

About Kenya

  • $1,800
    Average annual income
  • 962
    View loans »
    Kenya Loans Fundraising
  • $41,060,325
    Funds lent in using Kiva
  • 84.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rashid to add M-PESA float.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013