Ephantus Mwangi


Status: Paying Back

$675.00   Loan Amount
12% repaid

About the Entrepreneur

Name: Ephantus Mwangi
Location: Nairobi, Kenya
Activity: General Store

About the Loan

Loan Amount: $675.00
Loan Use: To increase his stock of soda, cereals, flour, and telephone cards
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 26, 2009
Date Disbursed: Sep 1, 2009
Date Funded:Aug 26, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:76.2500 KES = 1 USD



Ephantus is 52 years old, and is married with four children and five grandchildren. He describes himself as active and friendly. For the past 28 years, Ephantus has owned a small retail shop in Kayole of Nairobi. He is requesting his first loan of 50,000 KES in order to increase his stock of soda, cereals, flour, and telephone cards. While this is his first loan, Ephantus hopes to grow his business and, one day, become a wholesaler.

About Faulu Kenya
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.





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 Ephantus Mwangi


Loan has been disbursed
 
Entrepreneur: Ephantus Mwangi
Location: Nairobi, Kenya

Thank you for your loan. It has been disbursed to Ephantus Mwangi by Faulu Kenya in Kenya. We are excited to watch this business grow. Over the 12 months of this loan, Faulu Kenya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Nairobi, Kenya
Sep 1, 2009
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Kiva Help Repayment Schedule for Ephantus Mwangi

  Expected Repayments Actual Repayments Comments
November 2009 $0.00 $28.13  
December 2009 $51.92 $56.25 Repayment Received
January 2010 $51.93 Available Jan 1  
February 2010 $64.90 Available Feb 1  
March 2010 $51.92 Available Mar 1  
April 2010 $51.93 Available Apr 1  
May 2010 $64.90 Available May 1  
June 2010 $51.92 Available Jun 1  
July 2010 $51.93 Available Jul 1  
August 2010 $64.90 Available Aug 1  
September 2010 $51.92 Available Sep 1  
October 2010 $64.91 Available Oct 1  
November 2010 $51.92 Available Nov 1