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Rael

Update on Rael

Rael has witnessed a great improvement in her business. She was able to repay her loan in time and is now asking for a loan of 85,850 Kenya shillings to purchase more food stock and to pay for her children's school fees. She believes the returns will enable her to improve the living standards of her family.

Previous Loan Details

Rael lives in Malindi, Kenya. She owns a café that has now been in operation for four years. After learning about Milango from her friends, Rael is applying for a loan of 40,000 KES to purchase raw materials like sugar and flour. In order to overcome challenges like taxes and the high cos... More from Rael'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
  • 763
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 84.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Rael to purchase raw materials like sugar and flour and to pay for school fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 6, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 25, 2013
This photo was used before for a previous loan for Rael. It was first posted on Kiva on Feb, 2012. Learn More