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Update on Rashid

Rashid has witnessed much growth from the loan he received. His business has expanded and he is now applying for a loan of 41,850 Kenyan shillings to increase his stock of new phones and accessories. The field has now become more lucrative. He believes he can continue to grow his business further.

Previous Loan Details

Rashid has been operating a mobile phone accessories shop in Kongowea, Mombasa, Kenya for the last four years. Besides his business, Rashid is a family man, married and with one set of twins. In his business, he sells phone batteries, chassis, and microphones, speakers, charging systems, credit c... More from Rashid'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
  • 525
    View loans »
    Kenya Loans Fundraising
  • $49,761,875
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Rashid to buy repair tools, mobile phone accessories and a few phones.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 14, 2012
Nov 23, 2012
Currency Exchange Loss:
Oct 18, 2013
This photo was used before for a previous loan for Rashid. It was first posted on Kiva on Jun, 2012. Learn More