Joyce Mutheu
Status: Paid Back
| $700.00 | Loan Request | |
|---|---|---|
| $700.00 | Paid Back |
About the Entrepreneur
| Name: | Joyce Mutheu |
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| Location: | Ongata Rongai, Kenya |
| Activity: | Shoe Sales |
About the Loan
| Loan Amount: | $700.00 |
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| Loan Use: | To add stock of Vitenge, Masaai attire and sandals. |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
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| Date Listed: | Mar 15, 2006 |
| Date Disbursed: | Apr 13, 2005 |
| Date Funded: | Mar 30, 2005 |
| Loan Ended: | Jun 2, 2007 |
About the Field Partner
About the Field Partner
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| Field Partner: | Women`s Economic Empowerment Consort (WEEC) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Closed |
| Time On Kiva: | 44 months |
| Kiva Entrepreneurs: | 1147 |
| Total Loans: | $472,185 |
| Delinquency Rate: | N/A - No Paying Back Loans |
| Default Rate: | 38.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Kenya |
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| Avg Annual Income: | $1,445.00 |
| Currency: | United States Dollars (USD) |
This business is a member of the Golden Crown group. Group lending, also known as solidarity lending, is a mechanism that allows a number of individuals to provide collateral or guarantee a loan through a group repayment pledge. The incentive to repay is based on peer pressure; if one person in the group defaults, the other group members make up the payment amount. - Kiva Staff
Joyce started by hawking shoes and sandals but due to credit sale the business didn’t succeed. She joined a women group where she was given a loan of Usd 208 for 10 months to restart my business. Having the experience on credit sales Joyce sell her goods strictly on cash basis and this has lead to the success of her business. She has acquired a stall where she does her business and can be able to move far and wide to buy her stock.
She has been able to take subsequent loans of Usd 278 and 416 each for a period of 10 months both loans were used to buy more stock.
Joyce has also been able to attend several exhibitions in different countries and this has given her exposure in running and managing the business.
Given the Usd 700 she will be able to buy more stock and meet the rising demand from her customers.
Joyce started by hawking shoes and sandals but due to credit sale the business didn’t succeed. She joined a women group where she was given a loan of Usd 208 for 10 months to restart my business. Having the experience on credit sales Joyce sell her goods strictly on cash basis and this has lead to the success of her business. She has acquired a stall where she does her business and can be able to move far and wide to buy her stock.
She has been able to take subsequent loans of Usd 278 and 416 each for a period of 10 months both loans were used to buy more stock.
Joyce has also been able to attend several exhibitions in different countries and this has given her exposure in running and managing the business.
Given the Usd 700 she will be able to buy more stock and meet the rising demand from her customers.
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Lenders to this entrepreneur
Journal entries for Joyce Mutheu
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Receipt of Usd.700
Location: Ongata Rongai, Kenya
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Posted by
David Mukaru from Ongata Rongai, Kenya
Apr 5, 2006 |
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Joyce life has really changed
Location: Ongata Rongai, Kenya
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Posted by
Miriam Maina from Ongata Rongai, Kenya
Feb 6, 2007 |
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Repayment Schedule for Joyce Mutheu
Repayment Schedule for Joyce Mutheu
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2006 | $0.00 | $140.00 | |||
| October 2006 | $0.00 | $140.00 | |||
| December 2006 | $0.00 | $60.00 | |||
| January 2007 | $0.00 | $70.00 | |||
| February 2007 | $0.00 | $58.00 | |||
| March 2007 | $0.00 | $4.00 | |||
| May 2007 | $0.00 | $59.00 | |||
| June 2007 | $0.00 | $118.00 | |||
| August 2007 | $0.00 | $51.00 | |||
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