Yes, you're doing what the parent promises. You're setting up some initial values for internal accumulators and closing over values that don't change in preparation for the loop. Then maybe you do a bit of cleanup after the loop.
But it's no more interesting than a "for" or "while" loop that takes up most of the body of a function in C or Java. People don't demand descriptive names for those, because they realize such a name would contain no useful information. That's equally true in functional programming.
