Monica Mwikali


Status: Paying Back

$550.00   Loan Amount
6% repaid

About the Entrepreneur

Name: Monica Mwikali
Location: Embakasi Nairobi, Kenya
Activity: Construction Supplies

About the Loan

Loan Amount: $550.00
Loan Use: To purchase additional building materials.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 6, 2009
Date Disbursed: Sep 10, 2009
Date Funded:Oct 7, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:75.3500 KES = 1 USD



Monica is a 46 year-old mother of four. For the last two years, she has sold vegetables and building materials such as sand in Nairobi. She is requesting a loan of KES 40,000 in order to add to her stock of building materials. She plans to buy a lorry for transporting sand and other building materials and to have at least four other outlets. She describes herself as diligent and determined.


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 Monica Mwikali


Loan has been disbursed
 
Entrepreneur: Monica Mwikali
Location: Embakasi Nairobi, Kenya

Thank you for your loan. It has been disbursed to Monica Mwikali 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 Embakasi Nairobi, Kenya
Oct 8, 2009
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Kiva Help Repayment Schedule for Monica Mwikali

  Expected Repayments Actual Repayments Comments
December 2009 $31.73 $34.37 Repayment Received
January 2010 $42.31 Available Jan 1  
February 2010 $52.88 Available Feb 1  
March 2010 $42.31 Available Mar 1  
April 2010 $42.31 Available Apr 1  
May 2010 $42.31 Available May 1  
June 2010 $52.88 Available Jun 1  
July 2010 $42.31 Available Jul 1  
August 2010 $42.31 Available Aug 1  
September 2010 $52.88 Available Sep 1  
October 2010 $42.31 Available Oct 1  
November 2010 $52.88 Available Nov 1  
December 2010 $10.58 Available Dec 1