Mary Gachai

Status: Ended with Loss - Defaulted

$1,000.00		Loan Request
$900.00		Paid Back

About the Entrepreneur

Name:	Mary Gachai
Location:	Isinya, Kenya
Activity:	Construction

About the Loan

Loan Amount:	$1,000.00
Loan Use:	Mary wants to construct 3 rental rooms.
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Nov 28, 2006
Date Disbursed:	Dec 13, 2006
Date Funded:	Nov 29, 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 is 54 years old, feeling young enough to face life with its challenges. All her children are grown up and self reliant. She is an active member of Wihande Wega group where she is among the founders. She has a strong faith and believes in a divine power. She demonstrates this by leading mothers union in her place of worship. She has benefited a lot from the group, by loans and trainings. Her main source of income is rental room where she bought the plot with her first loan. She got the second loan and she was able to construct two semi-permanent rental rooms which have changed her life completely through the income she gets. She charges USD22 every month per room. She is a dedicated lady who is responsible in loan repayment and she has set a good example to other group members. She would like to add 3 rental rooms where she will be able to accumulate enough money to support an orphan child she adopted from her neighborhood. She lives not to regret and she desires to aspire young mothers to acquire loans to divert the direction of their lives. She is willing to repay the loan with the monthly charges of her 2 rental rooms.

Lenders to this entrepreneur

Karen
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Eileen & Tim
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Kelly
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Elizabeth
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Anonymous

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Robert
Seattle, WA
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Jacob
Chicago, IL
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Jamie
Memphis, TN
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Chris
Austin, TX
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Frank
Germantown, MD
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Harry
lansdale, PA
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Susan
Toms River, NJ
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Louise
Eugene, OR
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Carmen and John
Prescott, AZ
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Egan Hill
Oakland, CA
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Eve
Del Mar, CA
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sally
urbana, IL
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ragenia
urbana, IL
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Greg
Los Angeles, CA
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Pat
Carlsbad, CA
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Denise
Algonquin, IL
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Anonymous
Rancho Cucamonga, CA
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Joanne
Aptos, CA
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Sara
Buffalo Grove, IL
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Whitfield
Philadelphia, pa
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Journal entries for Mary Gachai

Loan has been disbursed Entrepreneur: Mary Gachai Location: Isinya, Kenya Thank you for your loan. It has been disbursed to Mary Gachai 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 from Isinya, Kenya Dec 29, 2006
Comments (4)

Mary is a very happy lady Entrepreneur: Mary Gachai Location: Isinya, Kenya Mary has no regrets why she got her loan and she feels great when she looks back and reflect. She very happy with the lenders who helped her.
Posted by Miriam Maina from Isinya, Kenya Aug 28, 2007
Comments (1)

WEEC loan default Entrepreneur: Mary Gachai Location: Isinya, 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 Isinya, Kenya Jun 5, 2008
Comments (82)

Repayment Schedule for Mary Gachai

Show Advanced

	Expected Repayments	Actual Repayments	Comments
March 2007	$100.00	$100.00	Repayment Received
April 2007	$100.00	$0.00	Repayment Received
May 2007	$100.00	$100.00	Repayment Received
June 2007	$100.00	$200.00	Repayment Received
July 2007	$100.00	$100.00	Repayment Received
August 2007	$100.00	$100.00	Repayment Received
September 2007	$100.00	$100.00	Repayment Received
October 2007	$100.00	$100.00	Repayment Received
November 2007	$100.00	$100.00	Repayment Received
December 2007	$100.00	$0.00	Delinquent