Mary Wambui Mwangi

Status: Ended with Loss - Defaulted

$300.00		Loan Request
$240.00		Paid Back

About the Entrepreneur

Name:	Mary Wambui Mwangi
Location:	Kiambu, Kenya
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$300.00
Loan Use:	Mary wants to buy different varieties of beans, green grams, rice, flour and maize
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Nov 9, 2006
Date Disbursed:	Nov 23, 2006
Date Funded:	Nov 9, 2006

About the Field Partner

Field Partner:

Women`s Economic Empowerment Consort (WEEC)

Field Partner Risk Rating:

(Learn more)

Closed

44 months

1147

$472,185

N/A - No Paying Back Loans

Default Rate:

38.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	United States Dollars (USD)

Mary was born 48 years ago, single with 4 children and 2 grand children. She is a religious person with strong principles about her faith. She is very active and leads in Kirangare Wendani Women Group and in welfare organization in her community. Her source of income has been cereals business and she has been growing some vegetables in small scale which has helped her to raise all of her children and pay their school fees. Her business has been boosted a lot by the group loans she has been securing and she is very proud to see what she has achieved. She buys cereals in bulk whenever she got money and supplies them to small retailers of different markets. At times it’s very challenging due to lack of enough funds ending up loosing some customers for sometimes. She is planning to buy stock in bulk which will sustain her business through the coming festive season and she will gather income which will enable her to pay fees for her children. She likes her work and encourages women from her group to utilize the available resources.

Lenders to this entrepreneur

Michelle
Boulder Creek, CA
United States

Doug
San Diego, CA
United States

Gordon
Dawson City, YT
Canada

Michael & Kate
Placitas, NM
United States

Leticia
Vienna, VA
United States

Eric
Blue Hill, ME
United States

Brian
El Cajon, CA
United States

Dan & Gin
San Francisco, CA
United States

Anonymous
boulder, CO
United States

Mary
Chicago, IL
United States

Johanna
Kew Gardens, NY
United States

Mary
Indio, CA
United States

Journal entries for Mary Wambui Mwangi

Loan has been disbursed Entrepreneur: Mary Wambui Mwangi Location: Kiambu, Kenya Thank you for your loan. It has been disbursed to Mary Wambui Mwangi by Women`s Economic Empowerment Consort in Kenya. We are excited to watch this business grow. Over the next 10 - 18 months, Women`s Economic Empowerment Consort will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by Miriam Maina from Kiambu, Kenya Jan 1, 2007
Comment on this entry

WEEC loan default Entrepreneur: Mary Wambui Mwangi Location: Kiambu, Kenya Kiva recently notified you that your loan to the business or businesses above will not be repaid in full and is now considered defaulted. As a reminder, any amount of this loan that has been collected by Kiva is available to you as Kiva Credit. You can re-lend this Kiva Credit to another business, withdraw it or donate to Kiva on our website: www.kiva.org. Reason for default: All entrepreneur profiles on Kiva’s website are posted by local Field Partners. This particular business was posted by our Kenyan Field Partner, the Women’s Economic Empowerment Consort (WEEC). WEEC is currently experiencing significant operational difficulties that have caused all active WEEC loans to default. It is important to note that in many cases the entrepreneur repaid the loan to WEEC in full and did benefit from your loan. However, WEEC has experienced operational problems caused by a number of factors, including the unexpected death of WEEC’s founder and Executive Director, poor management of funds, and economic and political unrest in Kenya. Together, these factors produced a situation where Kiva is unable to get a 100% clear account of your specific loan and recover your full loan amount from WEEC. To learn more, please visit: www.kiva.org/about/aboutPartner?id=6 We hope you realize that this outcome is an exception to the norm when lending at Kiva and that you’ll give lending another chance. If you have any questions, please let us know and thanks again for your ongoing support. Sincerely, Shelby Clark Kiva Staff
Posted by Shelby Clark from Kiambu, Kenya Jun 5, 2008
Comments (82)

Repayment Schedule for Mary Wambui Mwangi

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	Expected Repayments	Actual Repayments	Comments
February 2007	$30.00	$0.00	Repayment Received
March 2007	$30.00	$0.00	Repayment Received
April 2007	$30.00	$30.00	Repayment Received
May 2007	$30.00	$30.00	Repayment Received
June 2007	$30.00	$0.00	Repayment Received
July 2007	$30.00	$60.00	Repayment Received
August 2007	$30.00	$30.00	Repayment Received
September 2007	$30.00	$30.00	Repayment Received
October 2007	$30.00	$30.00	Delinquent
November 2007	$30.00	$30.00	Delinquent