James Oenga


Status: Paying Back

$800.00   Loan Amount
0% repaid

About the Entrepreneur

Name: James Oenga
Location: Mukuru Nairobi, Kenya
Activity: Food Production/Sales

About the Loan

Loan Amount: $800.00
Loan Use: Add stock of maize for milling
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 30, 2009
Date Disbursed: Oct 29, 2009
Date Funded:Oct 31, 2009

About the Country

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



James is a 53 year-old father of three who operates a maize mill in Mukuru slums Nairobi. He was initially employed in a plastic manufacturing company until nine years ago when he started his current business. He is requesting a loan of Kes. 60,000 to purchase maize for milling into flour. He hopes to mentor all his children into business and help them start up as he expands his business into other towns of 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 James Oenga


Loan has been disbursed
 
Entrepreneur: James Oenga
Location: Mukuru Nairobi, Kenya

Thank you for your loan. It has been disbursed to James Oenga by Faulu Kenya in Kenya. We are excited to watch this business grow. Over the 6 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
Nov 1, 2009
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Kiva Help Repayment Schedule for James Oenga

  Expected Repayments Actual Repayments Comments
February 2010 $153.85 Available Feb 1  
March 2010 $123.07 Available Mar 1  
April 2010 $123.08 Available Apr 1  
May 2010 $123.08 Available May 1  
June 2010 $153.84 Available Jun 1  
July 2010 $123.08 Available Jul 1