Rachel Muthoni
Status: Paying Back - Delinquent
| $700.00 | Loan Amount |
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About the Entrepreneur
| Name: | Rachel Muthoni |
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| Location: | Kibera Slums, Nairobi, Kenya |
| Activity: | Butcher Shop |
About the Loan
| Loan Amount: | $700.00 |
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| Loan Use: | To purchase a deep freezer |
| Repayment Term: | 15 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 22, 2007 |
| Date Disbursed: | Dec 6, 2007 |
| Date Funded: | Nov 22, 2007 |
About the Field Partner
About the Field Partner
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| Field Partner: | Action Now: Kenya (ANK) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Paused |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 214 |
| Total Loans: | $127,300 |
| Delinquency Rate: | 55.14% |
| Default Rate: | 0.00% |
| 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: | Kenya Shillings (KES) |
| Exchange Rate: | 64.6980 KES = 1 USD |
Rachel began her business in 2006, using a Ksh 50,000 (USD 735) loan from her husband, which she has already repaid. She is requesting a loan of Ksh 45,000 (USD 700) to buy a deep freezer that will allow her to expand her business. She will use the freezer to increase her stock of chicken, which will translate into higher income. Also, she will be able to sell her chicken cheaply because a deep freezer will allow her to reduce her transportation costs.
Rachel will repay her loan in 12 months.
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Journal entries for Rachel Muthoni
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Loan has been disbursed
Location: Kibera Slums, Nairobi, Kenya
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Posted by
from Kibera Slums, Nairobi, Kenya
Dec 6, 2007 |
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Comment on this entry
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Visited the business but missed the client
Location: Kibera Slums, Nairobi, Kenya
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Posted by
Caroline Karoki from Kibera Slums, Nairobi, Kenya
Nov 24, 2008 |
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Comment on this entry
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Update on Your Loan to an Action Now: Kenya Borrower
Location: Kibera Slums, Nairobi, Kenya
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Posted by
Benjamin Elberger, Kiva Staff, from San Francisco, United States
Apr 2, 2009 |
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Comments (21)
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Repayment Schedule for Rachel Muthoni
Repayment Schedule for Rachel Muthoni
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| March 2008 | $58.33 | $59.00 |  Repayment Received
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| April 2008 | $58.33 | $0.00 | Repayment Received
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| May 2008 | $58.33 | $0.00 | Repayment Received
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| June 2008 | $58.33 | $0.00 | Repayment Received
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| July 2008 | $58.33 | $0.00 | Repayment Received
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| August 2008 | $58.33 | $0.00 | Repayment Received
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| September 2008 | $58.33 | $0.00 | Repayment Received
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| October 2008 | $58.33 | $0.00 | Repayment Received
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| November 2008 | $58.33 | $0.00 | Repayment Received
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| December 2008 | $58.33 | $0.00 | Repayment Received
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| January 2009 | $58.33 | $582.67 | Repayment Received
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| February 2009 | $58.37 | $0.00 |  Delinquent
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| December 2009 | $0.00 | $0.46 | |||
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