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Rachel

Update on Rachel

Rachel has a business in Nakuru town where she sells fruits and vegetables. She has six children, of which four are under her support.

She was able to purchase stocks of fruits and vegetables through her previous loan, which boosted her business. She has applied for her second loan from Kenya Agency for Development of Enterprise and Technology (KADET) to enable her to buy stocks of fruits and vegetables and also cement for a water tank.

Rachel hopes to cement her house and also open a grocery store in the near future.

Previous Loan Details

Rachel is 54 years old and has a business selling fruits and vegetables in Nakuru town. She is married to John and they have six children. This is her first loan with KADET LTD and she plans to use the loan to buy more stock of fruits and vegetables including bananas, oranges, kale, cabbages a... More from Rachel's previous loan »

Additional Information

About VisionFund Kenya

VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.

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
  • 970
    View loans »
    Kenya Loans Fundraising
  • $41,774,550
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Rachel to buy vegetables and fruits to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Rachel. It was first posted on Kiva on Oct, 2012. Learn More