Raphael Kioko

Thank you for your loan. It has been disbursed to Raphael Kioko by Action Now: Kenya in Kenya. We are excited to watch this business grow. Over the next 10 months, Action Now: Kenya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Since receiving his Kiva loan, Raphael has purchased a planer for his shop as well as timber in bulk, in order to bring down the price per unit. This has helped him tremendously, as he can now diversify what he offers customers. Such diversity and increased inventory has attracted more customers to his shop - for this reason, Raphael added an employee to help him with the increased demand.

Most of Raphael's cutomers are those who are rebuilding their lives and homes in the aftermath of the January-February post-election violence. This has increased a demand for furniture, since many of Raphael's customers are just now seeing an increase in their own businesses and can just now start to rebuild and refurnish their homes.

With the increased flow of custoemrs, Raphael is able to provide more for his family: he no longer has to live day-to-day. He can plan better for the rent and buy staple foods in bulk, which is especially important now, since the price of corn and cereals is increasing sharply.

He would like to thank all Kiva lenders for helping him change his life and that of his family.

Raphael kioko purchased a planer for his shop as well as timber in bulk using his KIVA loan. This has helped him tremendously, by attracting more customers because he offered diverse services. Raphael added an employee to help him with the increased demand. Most buyers were those rebuilding their lives and homes in the aftermath of the January-February post-election violence. With the increased flow of customers, Raphael is able to provide more for his family. He is grateful for the loan and thanks ANK and KIVA lenders for making an impact in his life.

Dear Lender,

This is an update on your loan to a borrower working with Action Now: Kenya in Kenya. Thank you for supporting low-income entrepreneurs by lending through Kiva.

You may have noticed that repayments on this loan have not been coming in for quite some time. After detailed investigation by Kiva representatives in Kenya, our team has determined that further repayments on your loan will be considerably delayed. However, Kiva staff are working closely with our Field Partner, Action Now: Kenya, who manages this loan on the ground to arrange the gradual repayment of your loan. To learn more, please visit:

http://www.kiva.org/about/aboutPartner?id=36

Although your loan is delinquent, we hope you realize that over 95% of loans on Kiva have been repaid in full and that you'll give lending to developing world entrepreneurs another chance in the future.

Thank you,

Ben Elberger

Kiva Staff

Microfinance Partnerships Manager