Bernard Odero


Status: Paying Back

$1,075.00   Loan Amount
2% repaid

About the Entrepreneur

Name: Bernard Odero
Location: Mukuru Nairobi, Kenya
Activity: Electronics Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: To add to his stock of electronics
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 9, 2009
Date Disbursed: Sep 23, 2009
Date Funded:Oct 19, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:74.7600 KES = 1 USD



Bernard Odero is a 32-year-old married father of three who runs an electronics and video shop in the Mukuru slums of Nairobi. He sells TVs, DVDs, CDs, radios, and other electronics and has been in this business for three years. He has two employees and his customers come from the neighborhood and from afar. He also works as an electrician to earn extra income.

Bernard is requesting a loan of Kes 80,000 to increase his inventory. He describes himself as a reasonable and hardworking leader and hopes to have a bigger shop to provide a better life for his family.


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 Bernard Odero


Loan has been disbursed
 
Entrepreneur: Bernard Odero
Location: Mukuru Nairobi, Kenya

Thank you for your loan. It has been disbursed to Bernard Odero 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 Mukuru Nairobi, Kenya
Oct 20, 2009
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Kiva Help Repayment Schedule for Bernard Odero

  Expected Repayments Actual Repayments Comments
December 2009 $20.67 $22.40 Repayment Received
January 2010 $82.70 Available Jan 1  
February 2010 $103.36 Available Feb 1  
March 2010 $82.69 Available Mar 1  
April 2010 $82.70 Available Apr 1  
May 2010 $103.36 Available May 1  
June 2010 $82.69 Available Jun 1  
July 2010 $82.69 Available Jul 1  
August 2010 $103.37 Available Aug 1  
September 2010 $82.69 Available Sep 1  
October 2010 $82.69 Available Oct 1  
November 2010 $103.37 Available Nov 1  
December 2010 $62.02 Available Dec 1