Teresia Wanjiku

Status: Ended with Loss - Defaulted

$600.00		Loan Request
$0.00		Paid Back

About the Entrepreneur

Name:	Teresia Wanjiku
Location:	Kiambu, Kenya
Activity:	Tailoring

About the Loan

Loan Amount:	$600.00
Loan Use:	Teresia would like to buy clothing and materials to make dresses to sell in her shop.
Repayment Term:	15 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Jul 21, 2007
Date Disbursed:	Aug 5, 2007
Date Funded:	Jul 22, 2007

About the Field Partner

Field Partner:

Women`s Economic Empowerment Consort (WEEC)

Field Partner Risk Rating:

(Learn more)

Closed

44 months

1147

$472,185

N/A - No Paying Back Loans

Default Rate:

38.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

Teresia Wanjiku was born 38 years ago in the town of Kiambu. She is married with four children; her first born is working in a hotel in Nairobi, two are in college, and the fourth is still in primary school. She is a dedicated Christian who worships at the Kanunga Catholic Church and is a member of the Catholic Women Association (CWA). Teresia's obvious leadership skills have made her a role model to many other young women.

In the 18 years since their marriage, she and her husband have run a tailoring shop at a local shopping center. When she is not working there, she is a dairy farmer and also raises pigs.

Earlier this year, a friend told Teresia about the many ways in which the Women's Economic Empowerment Consort and Kiva are working to boost businesses in Kiambu. She became interested in these projects and immediately joined the women's group.

Now she has come to us for a loan of $600, which she will use to boost her tailoring business by buying more clothing and materials that she can use to make dresses. She intends to repay this loan within 12 months.

Lenders to this entrepreneur

Daniel
Rowayton, Ct
United States

Linda
Santa Cruz, CA
United States

Rich
Oak Park, IL
United States

Matthijs
Leidschendam,
Netherlands

susan
kennewick, WA
United States

Karen
Norman, OK
United States

Carolyn
Mooresville, NC
United States

Dennis
toronto, Ontario
Canada

LingD
Xiamen, Fujian
China

Everett
Mesa, AZ
United States

Berndt
Karis,
Finland

Harry
Los Angeles, California
United States

niki
san francisco, CA
United States

patrick
los angeles, CA
United States

Alexander
Eugene, Oregon
United States

Journal entries for Teresia Wanjiku

Loan has been disbursed Entrepreneur: Teresia Wanjiku Location: Kiambu, Kenya Thank you for your loan. It has been disbursed to Teresia Wanjiku by Women`s Economic Empowerment Consort in Kenya. We are excited to watch this business grow. Over the next 12 - 18 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 Aug 5, 2007
Comments (1)

WEEC loan default Entrepreneur: Teresia Wanjiku 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)

Repayment Schedule for Teresia Wanjiku

Show Advanced

	Expected Repayments	Actual Repayments	Comments
November 2007	$50.00	$0.00	Delinquent
December 2007	$50.00	$0.00	Delinquent
January 2008	$50.00	$0.00	Delinquent
February 2008	$50.00	$0.00	Delinquent
March 2008	$50.00	$0.00	Delinquent
April 2008	$50.00	$0.00	Delinquent
May 2008	$50.00	$0.00	Delinquent
June 2008	$50.00	$0.00	Delinquent
July 2008	$50.00	$0.00	Delinquent
August 2008	$50.00	$0.00	Delinquent
September 2008	$50.00	$0.00	Delinquent
October 2008	$50.00	$0.00	Delinquent