Beatrice Muraguri

Status: Paying Back - Delinquent

$600.00		Loan Amount

90% repaid

About the Entrepreneur

Name:	Beatrice Muraguri
Location:	Jericho, Nairobi, Kenya
Activity:	Natural Medicines

About the Loan

Loan Amount:	$600.00
Loan Use:	Purchase of seven bags of amaranth grain
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 8, 2008
Date Disbursed:	Feb 22, 2008
Date Funded:	Feb 8, 2008

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:	70.7000 KES = 1 USD

Beatrice Gachambi Muraguri is 46 years old, single, and has two children. Apart from her family, she also takes care of her aged parents. She lives in Jericho, on the outskirts of Nairobi. Beatrice’s business involves processing and selling amaranth grain, which is used for health improvement.
Before starting her own business, Beatrice was employed by researchers from the University of Nairobi who were sponsored by the American Amaranth Institute. Beatrice left the organization in 2004, and, with an initial capital of Ksh 50,000 (US$770) which she had saved while working for the Institute, she opened her own business called Promote Amaranth Services. This business has enabled Beatrice to improve the health conditions of people in the area, especially those who are infected with HIV/AIDS and those who have cancer. Amaranth has a very high nutritional content and can be mixed with other grains to fortify one’s diet. People who are chronically ill benefit from amaranth because it acts as a “super” vitamin. People who use amaranth regularly believe in its healing powers and feel stronger and healthier. Beatrice has been able to convey her own knowledge of the nutritional value of Amaranth plant to about 3,000 people in the area.
Due to the high demand for her products, Beatrice's stock of amaranth has become insufficient, and she now needs seven additional bags of the grain which will cost Ksh 6,000 per bag. Beatrice is asking Kiva lenders to assist her in buying the grain, so that she can cater for the needs of her customers. She believes that this assistance will improve both her own living conditions and those of her clients. Beatrice promises to repay the loan in 10 months.

Lenders to this entrepreneur

Cydney
San Diego, CA
United States

Katherine
Eugene, OR
United States

Allison
Redondo Beach, CA
United States

Liz
Winchester, MA, USA

Randi & Richard
Soul lives, by giving.

Mingo
Long Beach, CA
United States

Erin
Santa Cruz, CA
United States

Brenda

Nadira
Bethesda, MD
United States

Anonymous
Scottsdale, AZ
United States

David
Washington , DC
United States

Jill
Splashdown, WA
United States

Julie
Central, Hong Kong
Hong Kong

Dony
LONGVIEW, TX
United States

Kristen
Salt Lake City, Utah
United States

David
Marianna, FL
United States

alethea & simon
Vancouver, BC
Canada

Anonymous
sacramento, CA
United States

Journal entries for Beatrice Muraguri

Loan has been disbursed Entrepreneur: Beatrice Muraguri Location: Jericho, Nairobi, Kenya Thank you for your loan. It has been disbursed to Beatrice Muraguri by Action Now: Kenya in Kenya. We are excited to watch this business grow. Over the next 10 months, Action Now: Kenya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Jericho, Nairobi, Kenya Feb 23, 2008
Comment on this entry

Remaining resourceful and confident! Entrepreneur: Beatrice Muraguri Location: Jericho, Nairobi, Kenya Beatrice is a very happy lady in Kenya ,this is due to the fact that due to the promotion of the Amaranth plant many people are turning to this wonderful plant due to its health benefits,Beatrice is smilling all the way to the bank and hopes this will continue for a long time ,she is grateful to all her kiva lenders and promises to repay her loan without fail.
Posted by Agnes Mutuku from Jericho, Nairobi, Kenya Jul 25, 2008
Comment on this entry

Healthy plants! Entrepreneur: Beatrice Muraguri Location: Jericho, Nairobi, Kenya Beatrice muraguri received a loan and increased her stock of Amaranth. She is very happy now that people are turning to the natural way of healing. She is grateful for the support offered to her by ANK and the KIVA lenders. On behalf of ANK staff.
Posted by Wilberforce Mulindi from Jericho, Nairobi, Kenya Jan 26, 2009
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Beatrice Muraguri Location: Jericho, 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 Beatrice Muraguri

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	Expected Repayments	Actual Repayments	Comments
May 2008	$60.00	$60.00	Repayment Received
June 2008	$60.00	$60.00	Repayment Received
July 2008	$60.00	$60.00	Repayment Received
August 2008	$60.00	$60.00	Repayment Received
September 2008	$60.00	$60.00	Repayment Received
October 2008	$60.00	$60.00	Repayment Received
November 2008	$60.00	$60.00	Repayment Received
December 2008	$60.00	$60.00	Repayment Received
January 2009	$60.00	$60.00	Repayment Received
February 2009	$60.00	$0.00	Delinquent
December 2009	$0.00	$0.47