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Racheal

Update on Racheal

Racheal is a single woman with one child. She describes herself to be a focused woman.

Racheal operates a butcher shop where she sells meat. Her business is located within a fast-growing area and her primary customers are residents. She describes her biggest business challenge to be inadequate meat to meet the high demand from customers.

Racheal will use the KES 50,000 loan to buy goat meat to sell to customers.

Racheal’s business goal is to be a supplier of pork meat to the customers within five years. She hopes that in the future, she will educate her children. She managed to pay her previous loan of KES 20,000 well.

Previous Loan Details

Racheal is a 33-year-old single woman. She describes herself to be a determined and focused woman. She operates a retail store where she sells meat. She has been involved in this business for 2 years and employs 3 staff members. Her business is located in a fast growing urban area, and her primar... More from Racheal'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
  • 952
    View loans »
    Kenya Loans Fundraising
  • $41,033,900
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Racheal to buy a stock of goat meat to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2013
Listed
Jan 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Racheal. It was first posted on Kiva on Apr, 2012. Learn More