Bidala Hasani Mwakuku


Status: Ended with Loss - Defaulted

$825.00   Loan Request
$261.63   Paid Back

About the Entrepreneur

Name: Bidala Hasani Mwakuku
Location: Mombasa, Kenya
Activity: Fish Selling

About the Loan

Loan Amount: $825.00
Loan Use: Expansion of a fish sales business
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 18, 2008
Date Disbursed: Mar 3, 2008
Date Funded:Feb 18, 2008

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:70.5500 KES = 1 USD



Bidala Hasani Mwakuku is a 46-year-old businesswoman. She is married and has four dependants. All of her children are in school. Her husband, who is a Madrasa (Muslim classes) teacher, helps to pay for the family's expenses with the little income he earns working at the school. Bidala dropped out of primary school when her parents became unable to pay the fees. After many years of working and learning from her mother, a fish monger, Bidala started a small-scale food vending business. She specializes in preparing and cooking fish which she then sells in the highly populated town of Kongowea on the northern coast of Kenya. Through her business, Bidala is able to cater for her family's needs; however, she has little money left to invest in further business expansion. In her work, Bidala has faced many difficulties, such as the increase in the cost of transportation from Kongowea to the fish market, the increase in the municipal council fee, the lack of a good storage facility, and the frequent defaulting by customers who eat on credit. However, she has been able to sustain her business. Now, Bidala is requesting a loan of US$825 which will be spent as follows: US$200 to add to the stock, US$400 to purchase two cooler boxes, US$100 to construct a better stand to serve her customers, US$50 to pay for transport, and US$75 to pay for a permit from the municipal council to allow her conduct her business. Bidala hopes that, with the loan, her business will grow and allow her to take better care of her family's needs and for the future of her children. Bidala's dream is to open a small café and to make sure that her children receive good education. She is very hard-working and will be able to repay the loan.

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Lenders to this entrepreneur

Arlene
Washington, DC
United States

Claire
St Johns Wood, London
United Kingdom

Bev and Jim
Norwich, VT
United States

Susan
Valencia, CA
United States

Anonymous
Gardena, CA
United States

Mark
FAIRBANKS, AK
United States

Stephen
Toronto, Ontario
Canada

Isabel
Grand Prairie, TX
United States

Pål Karsten
Kristiansand, Vest Agder
Norway

Terry
KivaFriends.org , St. Louis, MO
United States

Rachel and Preston
Pullman, WA
United States

Charlotte
Durham, NC
United States

Naomi
Aurora, CO
United States



Journal entries for Bidala Hasani Mwakuku


Loan has been disbursed
 
Entrepreneur: Bidala Hasani Mwakuku
Location: Mombasa, Kenya

Thank you for your loan. It has been disbursed to Bidala Hasani Mwakuku 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 Mombasa, Kenya
Mar 3, 2008
Comment on this entry

Default of Your Loan to an Entrepreneur with Ebony Foundation
 
Entrepreneur: Bidala Hasani Mwakuku
Location: Mombasa, 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)

Kiva Help Repayment Schedule for Bidala Hasani Mwakuku

  Expected Repayments Actual Repayments Comments
June 2008 $45.83 $46.00 Repayment Received
July 2008 $45.83 $46.00 Repayment Received
August 2008 $45.83 $46.00 Repayment Received
September 2008 $45.83 $46.00 Repayment Received
October 2008 $45.83 $0.00 Repayment Received
November 2008 $45.83 $0.00 Delinquent
December 2008 $45.83 $0.00 Delinquent
January 2009 $45.83 $0.00 Delinquent
February 2009 $45.83 $0.00 Delinquent
March 2009 $45.83 $0.00 Delinquent
April 2009 $45.83 $0.00 Delinquent
May 2009 $45.83 $0.00 Delinquent
June 2009 $45.83 $0.00 Delinquent
July 2009 $45.83 $0.00 Delinquent
August 2009 $45.83 $75.73 Delinquent
September 2009 $45.83 $0.00 Delinquent
October 2009 $45.83 $0.00 Delinquent
November 2009 $45.89 $0.00 Delinquent
December 2009 $0.00 $1.90