Simon Ndungu


Status: Paying Back

$1,200.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Simon Ndungu
Location: Nairobi, Kenya
Activity: Timber Sales

About the Loan

Loan Amount: $1,200.00
Loan Use: To buy more timber to sell to his customers.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 3, 2009
Date Disbursed: Oct 8, 2009
Date Funded:Nov 5, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:75.5000 KES = 1 USD



Simon is 35 years old, has two children and runs a timber-supply business. He has been in this business for the last two years, and is applying for a loan to buy more timber to sell to his customers. He hopes to expand this business and also open a one-stop hardware store where his customers can get a wide range of building materials. He is doing well, and is committed to be even more successful in the future so that he and his family can live well.

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.

Subscribe

Lenders to this entrepreneur

Celeste
Cedar City, UT
United States

Scott & Laurie
Sparks, NV
United States

Gregory
Redmond, WA
United States

Richard
yandina, Queensland
Australia

Michael
Edina, MN
United States

Ty
hurst, TX
United States

Christy
Brisbane, Queensland
Australia

Rob
Everett, WA
United States

Marc
Durham, NC
United States

Jeff
St. Louis Park, MN
United States

Anonymous
AK
United States

Anonymous
Minneapolis, MN
United States

Hans J
Slagelse, Denmark
Denmark

Centre Support Team
Newcastle, Tyne and Wear
United Kingdom

Jason
London, London
United Kingdom

Miska
Helsinki,
Finland

Pomerleau Family
Gibsonia, PA
United States

TAKAHIRO
Sinagawa, Tokyo
Japan

Espen
Oslo, Oslo
Norway

Steorling
Haslett, MI
United States

Anonymous
San Francisco, CA
United States

David
Matthews, NC
United States

Belle
austin, TX
United States

Wayne
Perth, WA
Australia

Nicholas
Sioux Falls, SD
United States

J.C.
Virginia Beach, VA
United States

sheenna
las vegas, nevada
United States

Wimmer Family & Friends
California
United States

Carl
Link,
Sweden

Pete
Olney, MD
United States

Wolfgang
Köln, NRW
Germany

Jeremy
Great Neck, NY
United States

Grant
Dakota Dunes, SD
United States



Top Lending Teams for this entrepreneur


China
Local Area
47 Members

IT Professionals
Common Interest
20 Members

NCFE
Businesses - Internal Groups
4 Members

IBM
Businesses
60 Members

KiVegas (Las Vegas Kiva)
Local Area
20 Members

Journal entries for Simon Ndungu


Loan has been disbursed
 
Entrepreneur: Simon Ndungu
Location: Nairobi, Kenya

Thank you for your loan. It has been disbursed to Simon Ndungu 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
Nov 6, 2009
Comment on this entry

Kiva Help Repayment Schedule for Simon Ndungu

  Expected Repayments Actual Repayments Comments
January 2010 $69.23 Available Jan 1  
February 2010 $115.39 Available Feb 1  
March 2010 $92.30 Available Mar 1  
April 2010 $92.31 Available Apr 1  
May 2010 $92.31 Available May 1  
June 2010 $115.38 Available Jun 1  
July 2010 $92.31 Available Jul 1  
August 2010 $92.31 Available Aug 1  
September 2010 $115.38 Available Sep 1  
October 2010 $92.31 Available Oct 1  
November 2010 $115.39 Available Nov 1  
December 2010 $92.30 Available Dec 1  
January 2011 $23.08 Available Jan 1