Grace Ngima Tutuma
Status: Paid Back
| $1,200.00 | Loan Request | |
|---|---|---|
| $1,200.00 | Paid Back |
About the Entrepreneur
| Name: | Grace Ngima Tutuma |
|---|---|
| Location: | Olturoto, Kajiado District, Kenya |
| Activity: | Cattle |
About the Loan
| Loan Amount: | $1,200.00 |
|---|---|
| Loan Use: | She plans to maintain stock at a level of 10 steers to match with the demand in the area. This loan will be used to buy more steers. |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
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| Date Listed: | Jun 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) |
|---|---|
| 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 |
|---|---|
| Avg Annual Income: | $1,445.00 |
| Currency: | United States Dollars (USD) |
This business is a member of Naretoi Women 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
Grace is married with 6 dependants. She was educated up to college school level and an adult education teacher in Isinya. She is the current group treasurer and merry go round in the area. She is a member of Mothers Union where she is the treasurer.
Grace started her business of rearing steers in 1996. She received her first loan from WEEC of USD.450 in 2001. She added 6 more steers. In November 2001 she was given another loan of USD.600 which enabled her to buy 8 more steers. These replaced the six which were sold.
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
Grace is married with 6 dependants. She was educated up to college school level and an adult education teacher in Isinya. She is the current group treasurer and merry go round in the area. She is a member of Mothers Union where she is the treasurer.
Grace started her business of rearing steers in 1996. She received her first loan from WEEC of USD.450 in 2001. She added 6 more steers. In November 2001 she was given another loan of USD.600 which enabled her to buy 8 more steers. These replaced the six which were sold.
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Journal entries for Grace Ngima Tutuma
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Business Progress
Location: Olturoto, Kajiado District, Kenya
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Posted by
Herbert musinguzi from Olturoto, Kajiado District, Kenya
May 13, 2006 |
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Comments (1)
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Repayment Schedule for Grace Ngima Tutuma
Repayment Schedule for Grace Ngima Tutuma
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2006 | $0.00 | $100.00 | |||
| October 2006 | $0.00 | $362.00 | |||
| December 2006 | $0.00 | $177.00 | |||
| January 2007 | $0.00 | $60.00 | |||
| February 2007 | $0.00 | $50.00 | |||
| March 2007 | $0.00 | $51.00 | |||
| May 2007 | $0.00 | $100.00 | |||
| June 2007 | $0.00 | $200.00 | |||
| August 2007 | $0.00 | $100.00 | |||
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