Catherine Okutoi


Status: Paying Back

$275.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Catherine Okutoi
Location: Mathare Slums, Kenya
Activity: Used Clothing

About the Loan

Loan Amount: $275.00
Loan Use: To add stock
Repayment Term: 15 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



Catherine has been selling secondhand children’s clothes for the last two years and previously sold vegetables in a kiosk. She is 33 years old and married with a young son named William. She is requesting a loan of 20,000 Kenyan shillings to add an assortment of new inventory.


For the future, Catherine hopes to have a stable business so that she is able to provide for her family’s needs along with her husband. She would like to own permanent business premises and become a wholesale supplier. She describes herself as determined, committed, and persistent in her business.


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

The Lois and Olivia Fund
Vancouver, British Columbia
Canada

Adam
Pittsburgh, PA
United States

Anonymous
Ashdod,

Janet
Paris,
France

Arti
Unionville, Ontario
Canada

Filip

Finland



Top Lending Teams for this entrepreneur


The Lois & Olivia Fund
Other
1 Member

Andreaskyrkan i Helsingfors
Religious Congregations
14 Members

Journal entries for Catherine Okutoi


Loan has been disbursed
 
Entrepreneur: Catherine Okutoi
Location: Mathare Slums, Kenya

Thank you for your loan. It has been disbursed to Catherine Okutoi 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 Mathare Slums, Kenya
Nov 8, 2009
Comment on this entry

Kiva Help Repayment Schedule for Catherine Okutoi

  Expected Repayments Actual Repayments Comments
February 2010 $21.15 Available Feb 1  
March 2010 $26.45 Available Mar 1  
April 2010 $21.15 Available Apr 1  
May 2010 $21.15 Available May 1  
June 2010 $26.45 Available Jun 1  
July 2010 $21.15 Available Jul 1  
August 2010 $21.16 Available Aug 1  
September 2010 $26.44 Available Sep 1  
October 2010 $21.15 Available Oct 1  
November 2010 $21.16 Available Nov 1  
December 2010 $26.44 Available Dec 1  
January 2011 $21.15 Available Jan 1