Nellius Ruth Ndirangu

Status: Ended with Loss - Defaulted

$1,200.00		Loan Request
$1,080.00		Paid Back

About the Entrepreneur

Name:	Nellius Ruth Ndirangu
Location:	Isinya, Kenya
Activity:	Beauty Salon

About the Loan

Loan Amount:	$1,200.00
Loan Use:	Nelius want to build 3 rental rooms
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Nov 29, 2006
Date Disbursed:	Dec 15, 2006
Date Funded:	Dec 1, 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)

Nelius is a single lady who has the spirit of entrepreneurship in her soul. She likes doing business despite financial limitation which has been a challenge. She is a business administrator by profession and after completing her studies she couldn’t secure a job. She first worked in her mothers business and saved some capital to start her own business. As she was thinking which business to start, she gave a salon a thought and she had to go back to college to have an idea of what it takes. After studying the hairdressing and beauty therapy course, she got the drive to start a salon business. She purchased most of the modern equipments the one she could afford. Her salon is situated at town centre where she is able to fetch good customers, and she has employed 2 ladies to help her. Her salon has enabled her to buy a plot of land and she is in the process of developing it. She has planned to start with constructing 3 permanent rental rooms, and then build the others with the income she will generate from the first ones. She believes in achieving the best in life and she is able to change challenges into opportunities. She is a dedicated lady who loves what she is does and she is committed to repay the loan with her monthly income.

Lenders to this entrepreneur

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Mike
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gshettle
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Anonymous
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Stephen
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Jeffrey
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Melissa
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Peggy
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Trey (Papa) & Emma
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malik
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Thy
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barbara
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The Jut
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Joo and Ashley
Durham, NC
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AcusticThoughts
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Shannon
Portland, OR
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Nancy
Astoria, OR
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Jane
Salt Lake City, UT
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deborah
Yorktown, VA
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Mary Pat
New Buffalo, MI
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sundeep
San Francisco, CA
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Christopher
Jordan, MN
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Paul Whiteway
Singapore, Singapore
Singapore

Ruth
Lansing, IL
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Peter
Oxford, OH
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Ben
Los Angeles, CA
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Leslye
Seattle, WA
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Jana
Chelsea, MI
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Patricia
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Intaba Topera
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Justin
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Corey
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Journal entries for Nellius Ruth Ndirangu

Loan has been disbursed Entrepreneur: Nellius Ruth Ndirangu Location: Isinya, Kenya Thank you for your loan. It has been disbursed to Nellius Ruth Ndirangu 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 Isinya, Kenya Jan 1, 2007
Comments (2)

WEEC loan default Entrepreneur: Nellius Ruth Ndirangu 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 Nellius Ruth Ndirangu

Show Advanced

	Expected Repayments	Actual Repayments	Comments
March 2007	$120.00	$0.00	Repayment Received
April 2007	$120.00	$120.00	Repayment Received
May 2007	$120.00	$120.00	Repayment Received
June 2007	$120.00	$0.00	Repayment Received
July 2007	$120.00	$240.00	Repayment Received
August 2007	$120.00	$120.00	Repayment Received
September 2007	$120.00	$120.00	Repayment Received
October 2007	$120.00	$120.00	Repayment Received
November 2007	$120.00	$120.00	Repayment Received
December 2007	$120.00	$120.00	Delinquent