Samwel Magondu
Status: Paying Back
| $275.00 | Loan Amount |
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40% repaid
About the Entrepreneur
| Name: | Samwel Magondu |
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| Location: | Nairobi, Kenya |
| Activity: | Shoe Sales |
About the Loan
| Loan Amount: | $275.00 |
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| Loan Use: | Add stock of shoes |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 10, 2009 |
| Date Disbursed: | Aug 3, 2009 |
| Date Funded: | Aug 10, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Faulu Kenya |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 4 months |
| Kiva Entrepreneurs: | 275 |
| Total Loans: | $123,125 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Kenya |
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| Avg Annual Income: | $1,445.00 |
| Currency: | Kenya Shillings (KES) |
| Exchange Rate: | 76.0000 KES = 1 USD |
Samwel has owned and run a small shoe vending business for the past year. A 33-year-old father of two, Samwel has requested his first loan of Ksh. 20,000 in order to buy a stock of shoes. He hopes that this loan will help to raise his income and allow him to pay school fees for his children and have a good life. One day, Samwel wants to grow his business and buy a house to operate his business from as well as to use as a home. Samwel describes himself as polite, committed, and self-dependent.
Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable micro-finance institution that offers savings and credit services to over 225,000 Kenyans. Faulu recently became the first MFI in Kenya to be licensed as a Deposit Taking Micro-Finance Company, which will enable Faulu to better serve its clients.
Important Information About This Loan
Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable microfinance institution that offers savings and credit services to over 225,000 Kenyans. Faulu recently became the first MFI in Kenya to be licensed as a Deposit-Taking Micro-Finance Company, which will enable Faulu to better serve its clients.
Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable micro-finance institution that offers savings and credit services to over 225,000 Kenyans. Faulu recently became the first MFI in Kenya to be licensed as a Deposit Taking Micro-Finance Company, which will enable Faulu to better serve its clients.
Important Information About This Loan
Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable microfinance institution that offers savings and credit services to over 225,000 Kenyans. Faulu recently became the first MFI in Kenya to be licensed as a Deposit-Taking Micro-Finance Company, which will enable Faulu to better serve its clients.
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Journal entries for Samwel Magondu
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Loan has been disbursed
Location: Nairobi, Kenya
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Posted by
from Nairobi, Kenya
Aug 11, 2009 |
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Comment on this entry
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Repayment Schedule for Samwel Magondu
Repayment Schedule for Samwel Magondu
| Expected Repayments | Actual Repayments | Comments | |||
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| November 2009 | $42.31 | $75.00 |  Repayment Received
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| December 2009 | $42.31 | $37.50 | Repayment Received
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| January 2010 | $52.88 | Available Jan 1 | |||
| February 2010 | $42.31 | Available Feb 1 | |||
| March 2010 | $42.31 | Available Mar 1 | |||
| April 2010 | $42.30 | Available Apr 1 | |||
| May 2010 | $10.58 | Available May 1 | |||
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