Consolata Wanjiku


Status: Ended with Loss - Defaulted

$600.00   Loan Request
$0.00   Paid Back

About the Entrepreneur

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

About the Loan

Loan Amount: $600.00
Loan Use: Consolata would like to buy cloth materials.
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 Country

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



Consolata Wanjiku was born 38 years ago in Kanunga, Kiambu. She is married with two children; the firstborn is in college while the other is in Kanunga secondary school. She is an active member of the Banana Hill Blessed Women's Group and was elected group secretary. She operates a tailoring business at Banana Hill trading centre. Back at home, she has 3 dairy cows, which produce an average of 50 litres of milk daily. She sells her milk at Kiambaa Dairy Farmers Co-operative Society Ltd. at $0.27 per litre. She is known by her good book keeping practices. She has applied for a loan of $600, which she intends to use to purchase cloth materials in order to make more clothes. She is willing to repay this loan within a period of 12 months.

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Journal entries for Consolata Wanjiku


Loan has been disbursed
 
Entrepreneur: Consolata Wanjiku
Location: Kiambu, Kenya

Thank you for your loan. It has been disbursed to Consolata 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: Consolata 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)

Kiva Help Repayment Schedule for Consolata Wanjiku

  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