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Meshack

Update on Meshack

Meshack finished his first loan without problems and now seeks another loan of 62,650 Kenya shillings to buy engine parts and suspension system. He wants to open a spare parts shop that will serve the whole town.

Previous Loan Details

Meshack is a resident of Mombasa, Kenya. He is married and has a spare parts business. He first started off as a mechanic before acquiring money to roll out the current business. Meshack was introduced to Milango by an employee. He is applying for a loan of 20,000 Kenyan shillings to buy more ... More from Meshack's previous loan »

Additional Information

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.

About Kenya

  • $1,800
    Average annual income
  • 826
    View loans »
    Kenya Loans Fundraising
  • $42,938,250
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $750 helped Meshack to buy engine parts and suspension system.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 7, 2013
This photo was used before for a previous loan for Meshack. It was first posted on Kiva on Jan, 2012. Learn More