Gerald Kilonzo Nzioka


Status: Ended with Loss - Defaulted

$800.00   Loan Request
$255.08   Paid Back

About the Entrepreneur

Name: Gerald Kilonzo Nzioka
Location: Nakuru, Kenya
Activity: Food Market

About the Loan

Loan Amount: $800.00
Loan Use: To improve his business
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 29, 2008
Date Disbursed: Feb 13, 2008
Date Funded:Jan 30, 2008

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:69.4500 KES = 1 USD



Gerald Kilonzo Nzioka is 36 years old. He is married and has one child who is in primary school. His wife is a primary school teacher and assists in the provision of basic family needs. Gerald's wife lives with her son in Machakos while Gerald lives in Nakuru, where he operates his business. Gerald started this business immediately after he finished his high school education and has been in the business for many years. He has familiarized himself well with the business. The business has been profitable and he has been able to cater to his family's needs.


He sells potatoes in Nakuru market. He purchases the potatoes from farms thus incurring high transport costs especially during the rainy season. He is therefore requesting a loan of US$800 which he intends to spend as follows:


US$600 to buy more sacks of potatoes, US$ 100 to cater for transport expenses and US$100 to pay the municipal council fee.


Gerald is a determined man and he will be able to repay 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.


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Lenders to this entrepreneur

Rohan
Dublin, OH
United States

Mike & Jenn
CA
United States

Jill
Splashdown, WA
United States

Tim
Yorba Linda, CA
United States

Michael
Västra Frölunda,
Sweden

Jeff
Oshawa, Ontario
Canada

the Dies Family
CT and MA (USA), Japan,

Maria
Trondheim, Trondheim
Norway

Anonymous
Timmins, Ontario
Canada

Paul
Houston, TX
United States



Journal entries for Gerald Kilonzo Nzioka


Loan has been disbursed
 
Entrepreneur: Gerald Kilonzo Nzioka
Location: Nakuru, Kenya

Thank you for your loan. It has been disbursed to Gerald Kilonzo Nzioka 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 13, 2008
Comment on this entry

Default of Your Loan to an Entrepreneur with Ebony Foundation
 
Entrepreneur: Gerald Kilonzo Nzioka
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 (103)

Kiva Help Repayment Schedule for Gerald Kilonzo Nzioka

  Expected Repayments Actual Repayments Comments
May 2008 $44.44 $45.00 Repayment Received
June 2008 $44.44 $45.00 Repayment Received
July 2008 $44.44 $45.00 Repayment Received
August 2008 $44.44 $45.00 Repayment Received
September 2008 $44.44 $0.00 Repayment Received
October 2008 $44.44 $0.00 Delinquent
November 2008 $44.44 $0.00 Delinquent
December 2008 $44.44 $0.00 Delinquent
January 2009 $44.44 $0.00 Delinquent
February 2009 $44.44 $0.00 Delinquent
March 2009 $44.44 $0.00 Delinquent
April 2009 $44.44 $0.00 Delinquent
May 2009 $44.44 $0.00 Delinquent
June 2009 $44.44 $0.00 Delinquent
July 2009 $44.44 $0.00 Delinquent
August 2009 $44.44 $73.24 Delinquent
September 2009 $44.44 $0.00 Delinquent
October 2009 $44.52 $0.00 Delinquent
December 2009 $0.00 $1.84