Jane Njoroge


Status: Paying Back

$550.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Jane Njoroge
Location: Nairobi, Kenya
Activity: Grocery Store

About the Loan

Loan Amount: $550.00
Loan Use: To purchase onions and potatoes.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 29, 2009
Date Disbursed: Oct 29, 2009
Date Funded:Oct 29, 2009

About the Country

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



Jane is a 40-year-old single mother of three children who has run a grocery store for the last eight years. Her business is strategically located next to a busy bus stage (station). She has a frequent overflow of customers and is able to employ one person. She is requesting a loan of Kes. 40,000 to purchase onions and potatoes.

In the future, she hopes to be able to purchase a vehicle for her business and a plot of land on which to build. She describes herself as hardworking and says that she loves her work.

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 Jane Njoroge


Loan has been disbursed
 
Entrepreneur: Jane Njoroge
Location: Nairobi, Kenya

Thank you for your loan. It has been disbursed to Jane Njoroge 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
Oct 30, 2009
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Kiva Help Repayment Schedule for Jane Njoroge

  Expected Repayments Actual Repayments Comments
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 $42.31 Available Dec 1  
January 2011 $42.31 Available Jan 1