Margaret Wanjiku Kuguru

Status: Ended with Loss - Defaulted

$1,200.00		Loan Request
$380.86		Paid Back

About the Entrepreneur

Name:	Margaret Wanjiku Kuguru
Location:	Nakuru, Kenya
Activity:	Cosmetics Sales

About the Loan

Loan Amount:	$1,200.00
Loan Use:	For business expansion.
Repayment Term:	20 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 3, 2008
Date Disbursed:	Feb 18, 2008
Date Funded:	Feb 4, 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:	71.2000 KES = 1 USD

Margaret Wanjiku Kuguru is a 32-year-old business entrepreneur who is married with three children, two of whom are in school while one is still under age. Her husband is a farmer and Margaret runs a cosmetics shop and sells new clothes at one of the estates within Nakuru town. She dropped out of school due to poverty and decided to start up the business, which has been doing well. The business has been of great help to her since Margaret now helps her husband pay fees for the children and provide their other basic needs.

Margaret mainly buys her cosmetics and clothes from Nairobi, approximately 250 kilometers from Nakuru town. The high transportation cost is a big challenge to her. She sells the cosmetics and the clothes to the people around her residential area. The current profit is barely enough to expand the business and care for the family. Margaret is requesting a loan of US$1,200 to expand the business. Her budget is: US$200 for transport, US$100 to renew her license, and US$900 to add stock. Margaret is a hard-working woman who will repay the loan in time.

Lenders to this entrepreneur

Jill
Splashdown, WA
United States

Tenzin
The Hague,
Netherlands

Muse
Montreal, Quebec
Canada

Kathleen
Baton Rouge, LA
United States

Deborah
Apex, NC
United States

Margaret kivafriends.org
Fairfield County, Connecticut
United States

Anonymous
NEW YORK, NY
United States

Anonymous
Kelowna, B.C.
Canada

Michael
Pittsburgh, PA
United States

Bennendine
Chapel Hill, Queensland
Australia

Heather
East Longmeadow, MA
United States

Jill

ans
Amstelveen, Noord-Holland
Netherlands

ken
atlanta, GA
United States

David
Luton, Bedfordshire
United Kingdom

Ashley
Indianapolis, IN
United States

Beauty Schools Directory
Olathe, KS
United States

anna
philadelphia, PA
United States

Anonymous
hoboken, NJ
United States

Jacquelynn
Clearwater, FL
United States

Ralph
Simpson, Saskatchewan
Canada

Robert
Regina, Saskatchewan
Canada

Bruce
San Francisco, CA
United States

Monet E.
Sisters, Oregon
United States

Journal entries for Margaret Wanjiku Kuguru

Loan has been disbursed Entrepreneur: Margaret Wanjiku Kuguru Location: Nakuru, Kenya Thank you for your loan. It has been disbursed to Margaret Wanjiku Kuguru 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 19, 2008
Comments (1)

Default of Your Loan to an Entrepreneur with Ebony Foundation Entrepreneur: Margaret Wanjiku Kuguru 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 Margaret Wanjiku Kuguru

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2008	$66.67	$67.00	Repayment Received
June 2008	$66.67	$67.00	Repayment Received
July 2008	$66.67	$67.00	Repayment Received
August 2008	$66.67	$67.00	Repayment Received
September 2008	$66.67	$0.00	Repayment Received
October 2008	$66.67	$0.00	Delinquent
November 2008	$66.67	$0.00	Delinquent
December 2008	$66.67	$0.00	Delinquent
January 2009	$66.67	$0.00	Delinquent
February 2009	$66.67	$0.00	Delinquent
March 2009	$66.67	$0.00	Delinquent
April 2009	$66.67	$0.00	Delinquent
May 2009	$66.67	$0.00	Delinquent
June 2009	$66.67	$0.00	Delinquent
July 2009	$66.67	$0.00	Delinquent
August 2009	$66.67	$110.10	Delinquent
September 2009	$66.67	$0.00	Delinquent
October 2009	$66.61	$0.00	Delinquent
December 2009	$0.00	$2.76