Rose Waithira Itibi


Status: Ended with Loss - Defaulted

$900.00   Loan Request
$0.00   Paid Back

About the Entrepreneur

Name: Rose Waithira Itibi
Location: Kiambu, Kenya
Activity: Auto Repair

About the Loan

Loan Amount: $900.00
Loan Use: Rose Waithira Itibi would like to buy a variety of motor vehicle spare parts.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 12, 2007
Date Disbursed: Jun 26, 2007
Date Funded:Jun 12, 2007

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:United States Dollars (USD)



Rose Waithira Itibi was born in 1975 in Ndumberi, Kiambu. She is married with three children, all of whom are in the Ndumberi primary school. She is a dedicated Christian. After completing her secondary education, she got married and started a business together with her husband. They opened a motor vehicle spare parts business in the year 2003.



Esther joined WEEC and received her first loan of $75. She later received second, third and fourth loans, which helped her to open a motor vehicle garage and up to now they have employed four mechanics. She has applied a loan of $900, which she intends to buy motor vehicle spare parts for the garage. She is willing to repay this loan within a period of 12 months.


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Journal entries for Rose Waithira Itibi


Loan has been disbursed
 
Entrepreneur: Rose Waithira Itibi
Location: Kiambu, Kenya

Thank you for your loan. It has been disbursed to Rose Waithira Itibi by Women`s Economic Empowerment Consort in Kenya. We are excited to watch this business grow. Over the next 10 - 16 months, Women`s Economic Empowerment Consort will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kiambu, Kenya
Jun 27, 2007
Comment on this entry

WEEC loan default
 
Entrepreneur: Rose Waithira Itibi
Location: Kiambu, Kenya

Kiva recently notified you that your loan to the business or businesses above will not be repaid in full and is now considered defaulted. As a reminder, any amount of this loan that has been collected by Kiva is available to you as Kiva Credit. You can re-lend this Kiva Credit to another business, withdraw it or donate to Kiva on our website: www.kiva.org.

Reason for default:

All entrepreneur profiles on Kiva’s website are posted by local Field Partners. This particular business was posted by our Kenyan Field Partner, the Women’s Economic Empowerment Consort (WEEC).

WEEC is currently experiencing significant operational difficulties that have caused all active WEEC loans to default. It is important to note that in many cases the entrepreneur repaid the loan to WEEC in full and did benefit from your loan. However, WEEC has experienced operational problems caused by a number of factors, including the unexpected death of WEEC’s founder and Executive Director, poor management of funds, and economic and political unrest in Kenya. Together, these factors produced a situation where Kiva is unable to get a 100% clear account of your specific loan and recover your full loan amount from WEEC.

To learn more, please visit:

www.kiva.org/about/aboutPartner?id=6

We hope you realize that this outcome is an exception to the norm when lending at Kiva and that you’ll give lending another chance. If you have any questions, please let us know and thanks again for your ongoing support.

Sincerely,

Shelby Clark

Kiva Staff


Posted by Shelby Clark from Kiambu, Kenya
Jun 5, 2008
Comments (82)

Kiva Help Repayment Schedule for Rose Waithira Itibi

  Expected Repayments Actual Repayments Comments
September 2007 $90.00 $0.00 Delinquent
October 2007 $90.00 $0.00 Delinquent
November 2007 $90.00 $0.00 Delinquent
December 2007 $90.00 $0.00 Delinquent
January 2008 $90.00 $0.00 Delinquent
February 2008 $90.00 $0.00 Delinquent
March 2008 $90.00 $0.00 Delinquent
April 2008 $90.00 $0.00 Delinquent
May 2008 $90.00 $0.00 Delinquent
June 2008 $90.00 $0.00 Delinquent