Rose Mwaura


Status: Paying Back

$275.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Rose Mwaura
Location: Mathare Slums, Kenya
Activity: Goods Distribution

About the Loan

Loan Amount: $275.00
Loan Use: To purchase stock
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 7, 2009
Date Disbursed: Oct 30, 2009
Date Funded:Nov 7, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:74.8750 KES = 1 USD



Rose is a 29-year-old single mother with an 8-year-old son. For the last four years, she has run a business supplying wrapping paper, plastics, and old newspaper. Her customers include businesses like butcheries, retail shops, and take-away food kiosks. She is requesting a loan of 20,000 KES to purchase more stock to deliver direct to wholesalers.


Rose describes herself as very ambitious and hardworking and says that since joining Kiva partner Faulu she has become more knowledgeable about business matters and a better saver. In the future, she hopes to buy a pick-up truck to deliver her products to wholesalers in Kericho and bring food items in return. She would also like to build a flat to rent out for extra income.


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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Lenders to this entrepreneur

Tom
Pantego, TX
United States

Mikael
Copenhagen,
Denmark

Anonymous
Cambridge, MA
United States

Mars
Orléans,
France

Sean
Orlando, FL
United States

Ian
Monaco,
Monaco



Top Lending Teams for this entrepreneur


Dutch Kiva Investemt Group
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1 Member

Denmark
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208 Members

Journal entries for Rose Mwaura


Loan has been disbursed
 
Entrepreneur: Rose Mwaura
Location: Mathare Slums, Kenya

Thank you for your loan. It has been disbursed to Rose Mwaura 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 Mathare Slums, Kenya
Nov 8, 2009
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Kiva Help Repayment Schedule for Rose Mwaura

  Expected Repayments Actual Repayments Comments
February 2010 $42.31 Available Feb 1  
March 2010 $52.88 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