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Raphael

Update on Raphael

Raphael is happy that his grocery store is doing well, but his aim is to see it grow into a wholesale business. He says, however, that his inventory has gone down and he lacks basic items. He does not want to disappoint his customers with this lack of goods. It is for this reason that he is requesting a loan to boost his working capital. With this new loan, he will buy more stocks of flour, basic grains, cleaning products, and basic medicines. He say thanks for the previous loan that increased his sales.

Previous Loan Details

Raphael is married and has four children. He has been a merchant for more than 1 year. He is hardworking and dedicated. Thanks to all of his efforts, his children are studying. He says that he never had the opportunity to study. Therefore, his greatest wish is to see all of his children become pr... More from Raphael's previous loan »

Additional Information

About Yehu Microfinance Trust

This loan is administered by Yehu Microfinance Trust, which was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.

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
  • 614
    View loans »
    Kenya Loans Fundraising
  • $39,851,750
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Raphael to buy more stocks of flour, basic grains, cleaning products, and basic medicines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Raphael. It was first posted on Kiva on Jul, 2012. Learn More