Antony Omondi

Status: Paying Back - Delinquent

$450.00		Loan Amount

13% repaid

About the Entrepreneur

Name:	Antony Omondi
Location:	Kibera Slums, Nairobi, Kenya
Activity:	Services

About the Loan

Loan Amount:	$450.00
Loan Use:	To purchase video show equipment, including a TV set, a new aerial, TV stand, cable wire, six video packs, and a cell phone.
Repayment Term:	11 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 1, 2007
Date Disbursed:	Nov 15, 2007
Date Funded:	Nov 1, 2007

About the Field Partner

Field Partner:

Action Now: Kenya (ANK)

Field Partner Risk Rating:

(Learn more)

Paused

33 months

214

$127,300

55.14%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	Kenya Shillings (KES)
Exchange Rate:	66.9000 KES = 1 USD

Antony Otieno Omondi is a single 29-year-old man, who lives in the Kibera community of Nairobi. Apart from fending for himself, he helps in taking care of his single sister’s son. Until recently he worked with the KK group of companies situated in Westlands, one of the up-market areas in Nairobi. Being a hard-working man, in November 2006, Antony decided to open a business. He took his time to think of what type of business he could open and decided to replicate his uncle’s business.

Antony’s uncle has a video-show business and Antony believed a similar business could do well in his neighborhood. Antony took Ksh. 5,000 (US$ 75) from his savings, and with this as his capital, he started his own business in November 2006. His business especially appeals to football fans who come to his stall to watch the latest soccer game, and he finds that his stall often gets congested due to the high number of customers. Antony would therefore like to expand his business, and he is requesting, in good faith, a loan of US$ 450 with which he intends to purchase another television set, a new aerial, a TV stand, a cable wire, six video packs, and a cell phone. These are the things he believes that his business needs in order to grow.

The loan will enable him to better serve the community with up-to-date information on sports, entertainment, and news. He also believes that the loan will enable him to stabilize his financial status, thus giving him a chance to open another, different business, hence create more employment opportunities within his community. He will continue to enjoy being self-employed and independent. Antony also believes that expanding his video-show business will reduce boredom in his community, hence giving the youth an alternate activity that will aid in limiting cases of drug abuse.

Lenders to this entrepreneur

Diane R
KivaFriends.org, Santa Clara, CA
United States

Ruth (& Marisa)
New Westminster, British Columbia
Canada

Claus-Peter
www.kivafriends.org,
Germany

Kay
Columbia, MD KivaFriends.org
United States

DEC Trader
Newbury Park, CA
United States

Fredric
Unionville, VA
United States

Muslim Financer
Sunderland, UK, Dubai
United Arab Emirates

Sally
Duluth, GA
United States

CHUCK & CAROLYN
TUCSON, ARIZONA
United States

Emily's Family
Santa Barbara, CA
United States

Nili
petach tikva,
Israel

Sergio
Bernex,
Switzerland

Susanne
Cambridge, MA
United States

Jill
Vancouver, BC
Canada

Karl
Phoenix, AZ
United States

Journal entries for Antony Omondi

Loan has been disbursed Entrepreneur: Antony Omondi Location: Kibera Slums, Nairobi, Kenya Thank you for your loan. It has been disbursed to Antony Omondi by Action Now: Kenya in Kenya. We are excited to watch this business grow. Over the next 8 - 14 months, Action Now: Kenya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kibera Slums, Nairobi, Kenya Nov 15, 2007
Comments (2)

Victim of the unrest Entrepreneur: Antony Omondi Location: Kibera Slums, Nairobi, Kenya Due to the violence and tension in Kibera, Antony has re-located to another town called Umoja from where he is currently operating. He has low business turn out due to customers being displaced.
Posted by Agnes Mutuku from Kibera Slums, Nairobi, Kenya Feb 6, 2008
Comments (2)

Update Entrepreneur: Antony Omondi Location: Kibera Slums, Nairobi, Kenya Antony is still at his new location,hes enjoying every moment here since he has began to get used to his new location,he is recording 55% increase in his business. He is quite sure things will turn for the better and he will be back in kibera where he hopes to re-open his former business.
Posted by Agnes Mutuku from Kibera Slums, Nairobi, Kenya Mar 27, 2008
Comments (1)

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Antony Omondi Location: Kibera Slums, Nairobi, Kenya Dear Lender, This is an update on your loan to a borrower working with Action Now: Kenya in Kenya. Thank you for supporting low-income entrepreneurs by lending through Kiva. You may have noticed that repayments on this loan have not been coming in for quite some time. After detailed investigation by Kiva representatives in Kenya, our team has determined that further repayments on your loan will be considerably delayed. However, Kiva staff are working closely with our Field Partner, Action Now: Kenya, who manages this loan on the ground to arrange the gradual repayment of your loan. To learn more, please visit: http://www.kiva.org/about/aboutPartner?id=36 Although your loan is delinquent, we hope you realize that over 95% of loans on Kiva have been repaid in full and that you'll give lending to developing world entrepreneurs another chance in the future. Thank you, Ben Elberger Kiva Staff Microfinance Partnerships Manager
Posted by Benjamin Elberger, Kiva Staff, from San Francisco, United States Apr 2, 2009
Comments (21)

Repayment Schedule for Antony Omondi

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	Expected Repayments	Actual Repayments	Comments
February 2008	$56.25	$57.00	Repayment Received
March 2008	$56.25	$0.00	Delinquent
April 2008	$56.25	$0.00	Delinquent
May 2008	$56.25	$0.00	Delinquent
June 2008	$56.25	$0.00	Delinquent
July 2008	$56.25	$0.00	Delinquent
August 2008	$56.25	$0.00	Delinquent
September 2008	$56.25	$0.00	Delinquent
December 2009	$0.00	$3.08