Ruth Wanza Ndumbu
Status: Paying Back - Delinquent
| $1,100.00 | Loan Amount |
|---|
About the Entrepreneur
| Name: | Ruth Wanza Ndumbu |
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| Location: | Nairobi City Centre, Kenya |
| Activity: | Tailoring |
About the Loan
| Loan Amount: | $1,100.00 |
|---|---|
| Loan Use: | To purchase stock of materials |
| Repayment Term: | 15 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Feb 29, 2008 |
| Date Disbursed: | Mar 15, 2008 |
| Date Funded: | Mar 1, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | Action Now: Kenya (ANK) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Paused |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 214 |
| Total Loans: | $127,300 |
| Delinquency Rate: | 55.14% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Kenya |
|---|---|
| Avg Annual Income: | $1,445.00 |
| Currency: | Kenya Shillings (KES) |
| Exchange Rate: | 69.6165 KES = 1 USD |
Ruth Wanza Ndumbu is 40 years old and married with three grown children. Apart from her family, she cares for the elderly people in the Samburu district. Ruth started the home because elderly people are left alone when cattle rustlers kill younger people to steel their cattle. Another elderly home is beginning in Machakos town.
Ruth saved 100,000 Kenyan Shillings when she worked at a company called ICDC, and thought of starting a business that would support her home for the elderly. Being a talented tailor, she opened a shop called Kitenge Africa, which means that she specializes in African attire. Her business is located in Nairobi city center along Moi Avenue and, apart from African attire, she also makes and designs wedding gowns. She employs four people who help her make the dresses.
Ruth now feels that she needs more stock to run her business fully and would like a loan of 75,000 Kenyan Shillings ($1100.00). She believes that the money will boost her business resulting in higher profits. She also believes that with her business, she can continue caring for her family and the elderly and also help the new home that starting.
The repayment period will be 12-14 months.
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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Journal entries for Ruth Wanza Ndumbu
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Loan has been disbursed
Location: Nairobi City Centre, Kenya
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Posted by
from Nairobi City Centre, Kenya
Mar 15, 2008 |
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Comments (5)
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Update
Location: Nairobi City Centre, Kenya
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Posted by
Elsa Otaye from Nairobi City Centre, Kenya
May 2, 2008 |
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Comments (2)
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Update on Your Loan to an Action Now: Kenya Borrower
Location: Nairobi City Centre, Kenya
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Posted by
Benjamin Elberger, Kiva Staff, from San Francisco, United States
Apr 2, 2009 |
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Comments (21)
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Repayment Schedule for Ruth Wanza Ndumbu
Repayment Schedule for Ruth Wanza Ndumbu
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| June 2008 | $91.67 | $92.00 |  Repayment Received
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| July 2008 | $91.67 | $92.00 | Repayment Received
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| August 2008 | $91.67 | $92.00 | Repayment Received
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| September 2008 | $91.67 | $92.00 | Repayment Received
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| October 2008 | $91.67 | $92.00 | Repayment Received
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| November 2008 | $91.67 | $92.00 | Repayment Received
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| December 2008 | $91.67 | $92.00 | Repayment Received
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| January 2009 | $91.67 | $89.33 | Repayment Received
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| February 2009 | $91.67 | $0.00 |  Delinquent
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| March 2009 | $91.67 | $0.00 | Delinquent
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| April 2009 | $91.67 | $0.00 | Delinquent
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| May 2009 | $91.63 | $0.00 | Delinquent
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| December 2009 | $0.00 | $2.87 | |||
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