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Rehema

Update on Rehema

Rehema is still in the charcoal business in Utange, Mombasa. She has been selling charcoal to the residents of Utange, a business she has done for the past six years and declares it is doing great.

This is her sixth borrowing from KADET Ltd. to finance her business. She plans to purchase more sacks of charcoal with the loan.

Rehema has been using the proceeds to educate her children and to repay back her loan. She hopes to have a more profitable and expanded business.

Previous Loan Details

Rehema is a 49-year-old charcoal dealer in Utange Mombasa. She is a married mother of three. She buys and sells charcoal to the residents of Utange, a business she has done for the past five years. She is doing great. This is her fifth borrowing from KADET LTD to finance her business. She plan... More from Rehema'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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 700
    View loans »
    Kenya Loans Fundraising
  • $39,776,375
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Rehema to purchase more sacks of charcoal.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 17, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Rehema. It was first posted on Kiva on Jul, 2012. Learn More