James Mwaura Macharia

Status: Ended with Loss - Defaulted

$600.00		Loan Request
$192.19		Paid Back

About the Entrepreneur

Name:	James Mwaura Macharia
Location:	Nakuru, Kenya
Activity:	Shoe Sales

About the Loan

Loan Amount:	$600.00
Loan Use:	To buy more used shoes for sale
Repayment Term:	20 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jan 30, 2008
Date Disbursed:	Feb 13, 2008
Date Funded:	Jan 30, 2008

About the Field Partner

Field Partner:

Ebony Foundation (Eb-F)

Field Partner Risk Rating:

(Learn more)

Closed

36 months

838

$697,975

N/A - No Paying Back Loans

Default Rate:

51.96%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	Kenya Shillings (KES)
Exchange Rate:	65.2000 KES = 1 USD

James Mwaura Macharia is a 27 year old married man with no children. He is involved in the shoe selling business. He has been in this business for a short time and is still gaining experience. However the business has been a major challenge to him because of competition from other business men within Nakuru town. As he has not been able to stock a variety of shoes, he is losing clients. He would like to expand his business but lacks the capital to do so. It is in this regard that he is requesting a loan of US$600: US$500 to buy more stock and US$100 for transport. James is a determined businessman and capable of repaying the loan.

Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.

Lenders to this entrepreneur

roel

Janice & Kollol
Needham, MA
United States

John C. Kirkland
Southern California,
United States

Anonymous
Topeka, KS
United States

Julia

Logan
Saskatoon, Saskatchewan
Canada

Moeen
Lorton, VA
United States

Jeff

Bobby
San Francisco, CA
United States

Krissy and Steve
Boulder, CO
United States

Faith UCC
New Braunfels, TX
United States

Journal entries for James Mwaura Macharia

Loan has been disbursed Entrepreneur: James Mwaura Macharia Location: Nakuru, Kenya Thank you for your loan. It has been disbursed to James Mwaura Macharia by Ebony Foundation (Eb-F) in Kenya. We are excited to watch this business grow. Over the next 18 months, Ebony Foundation (Eb-F) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Nakuru, Kenya Feb 14, 2008
Comment on this entry

Default of Your Loan to an Entrepreneur with Ebony Foundation Entrepreneur: James Mwaura Macharia Location: Nakuru, Kenya After continuing non-payment to Kiva, all active Ebony Foundation loans have now been defaulted. Kiva will continue to pursue recovery of funds on these loans and apply funds proportionally to lenders if and as funds are received. However, Kiva staff have judged the likelihood of recovery on these loans to be sufficiently low such as to update the loan status of these loans to “defaulted”. For further details on this default, please see Ebony Foundation’s Field Partner page
Posted by Benjamin Elberger, Kiva Staff, from San Francisco, United States Oct 16, 2009
Comments (104)

Repayment Schedule for James Mwaura Macharia

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2008	$33.33	$34.00	Repayment Received
June 2008	$33.33	$34.00	Repayment Received
July 2008	$33.33	$34.00	Repayment Received
August 2008	$33.33	$34.00	Repayment Received
September 2008	$33.33	$0.00	Repayment Received
October 2008	$33.33	$0.00	Delinquent
November 2008	$33.33	$0.00	Delinquent
December 2008	$33.33	$0.00	Delinquent
January 2009	$33.33	$0.00	Delinquent
February 2009	$33.33	$0.00	Delinquent
March 2009	$33.33	$0.00	Delinquent
April 2009	$33.33	$0.00	Delinquent
May 2009	$33.33	$0.00	Delinquent
June 2009	$33.33	$0.00	Delinquent
July 2009	$33.33	$0.00	Delinquent
August 2009	$33.33	$54.82	Delinquent
September 2009	$33.33	$0.00	Delinquent
October 2009	$33.39	$0.00	Delinquent
December 2009	$0.00	$1.37