Subrina Hassan Mohamed


Status: Ended with Loss - Defaulted

$650.00   Loan Request
$176.28   Paid Back

About the Entrepreneur

Name: Subrina Hassan Mohamed
Location: Mombasa, Kenya
Activity: Beauty Salon

About the Loan

Loan Amount: $650.00
Loan Use: To purchase a hair dryer, hair and skin products, chemicals, and towels and to install a water boiler
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 22, 2008
Date Disbursed: Mar 8, 2008
Date Funded:Feb 23, 2008

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:70.0500 KES = 1 USD



Subrina Hassan Mohamed is 29 years old and married with 1 dependent. She was unable to complete her primary school education due to a lack of money for her school fees. Her husband works as a salesman of airtime in Kongowea. About 2 years ago she opened her own salon with the help of her husband, with just 1 blow dryer and a single empty room. After months of hard work, Subrina was able to purchase a hair dryer and later on bought 2 seats for the waiting customers.

Even without a high school certificate, she never gave up the dream of attending school, so she enrolled in a training college in Mombasa, where she acquired various skills in hair dressing. Through her business she has been able to assist her husband in catering to her family's needs. After the birth of her child about 7 months ago, Subrina has not been able to fully run her salon and at the same time take care of her nursing child; this has affected her business, since she spends more time taking care of her child.

She is requesting a loan of $650: $200 to purchase a hair dryer; $300 to purchase hair and skin products, chemicals, and towels; and $150 to install a water boiler. Subrina is a businesswoman who is determined to attain her dream. Her mission in life is to ensure that the future of her child is secure. She 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.



Lenders to this entrepreneur

Cathryn
Hemet, California
United States

Amy
Springfield, Ohio
United States

Patti
Carpinteria, CA
United States

Emily
Draper, UT
United States

Matt
Socorro, NM
United States

Cynthia
Bowie, MD
United States

Boris
Brooklyn, NY
United States

Matthew
Kansas City, MO
United States

Hassan
Gharyan,
Libyan Arab Jamahiriya

lisa
Orlando, FL
United States

Amy's mom
KivaFriends.org, Midwest
United States

Maria
Oakland, CA
United States

Anonymous
Pasadena, CA
United States

Kristi
Mansfield, OH
United States

Stefan
San Francisco, CA
United States

Jari-Pekka
Oulu, -
Finland

Sheri
Kalamazoo, MI
United States

The Bankson Family
Phoenix, AZ
United States

Riaz
London, London
United Kingdom

Marcella
Calgary, Alberta
Canada

Erica and Prince
Los Angeles, CA
United States



Journal entries for Subrina Hassan Mohamed


Loan has been disbursed
 
Entrepreneur: Subrina Hassan Mohamed
Location: Mombasa, Kenya

Thank you for your loan. It has been disbursed to Subrina Hassan Mohamed 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 8, 2008
Comments (1)

Default of Your Loan to an Entrepreneur with Ebony Foundation
 
Entrepreneur: Subrina Hassan Mohamed
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 Subrina Hassan Mohamed

  Expected Repayments Actual Repayments Comments
June 2008 $36.11 $37.00 Repayment Received
July 2008 $36.11 $37.00 Repayment Received
August 2008 $36.11 $37.00 Repayment Received
September 2008 $36.11 $0.00 Repayment Received
October 2008 $36.11 $0.00 Delinquent
November 2008 $36.11 $0.00 Delinquent
December 2008 $36.11 $0.00 Delinquent
January 2009 $36.11 $0.00 Delinquent
February 2009 $36.11 $0.00 Delinquent
March 2009 $36.11 $0.00 Delinquent
April 2009 $36.11 $0.00 Delinquent
May 2009 $36.11 $0.00 Delinquent
June 2009 $36.11 $0.00 Delinquent
July 2009 $36.11 $0.00 Delinquent
August 2009 $36.11 $63.68 Delinquent
September 2009 $36.11 $0.00 Delinquent
October 2009 $36.11 $0.00 Delinquent
November 2009 $36.13 $0.00 Delinquent
December 2009 $0.00 $1.60