Alice Nyambura Kangethe

Status: Ended with Loss - Defaulted

$450.00		Loan Request
$315.00		Paid Back

About the Entrepreneur

Name:	Alice Nyambura Kangethe
Location:	Kiambu, Kenya
Activity:	Bakery

About the Loan

Loan Amount:	$450.00
Loan Use:	Alice would like to buy more packs of sweets, biscuits, cakes and soft drinks.
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Jan 25, 2007
Date Disbursed:	Feb 9, 2007
Date Funded:	Jan 26, 2007

About the Field Partner

Field Partner:

Women`s Economic Empowerment Consort (WEEC)

Field Partner Risk Rating:

(Learn more)

Closed

44 months

1147

$472,185

N/A - No Paying Back Loans

Default Rate:

38.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	United States Dollars (USD)

Alice was born 40 years ago. She is married with five children. Two are out of high school and in college in Nairobi. The other three are in secondary school. She is the group chairlady and an active member of Catholic Church. She is also the chairlady of the Catholic Women’s Association (CWA) at the Rwai Catholic Church in the Nairobi Archdiocese. Alice joined the group in 2003 and registered with WEEC early this year. Alice believes hard work pays. Together with her husband, they started hawking sweets and biscuits in Nairobi town 15 years ago. Laying food on the table was challenging but they did not have a choice. Today Alice and her husband are proud owners of two retail sweet shops and rental houses at Dadora in Nairobi. From their businesses, they earn an average of USD 1000 per month. They have raised and educated their children from income earned from their businesses. Given a loan of USD 450 they will boost and improve their businesses.

Lenders to this entrepreneur

Anonymous

United States

Anonymous
Iowa City, IA
United States

Ron Bouganim

United States

Leslie
Yokosuka, Team Japan
Japan

Katja
Southampton, Hampshire
United Kingdom

Armando
New York, NY
United States

Simone
Roma, Roma
Italy

Perry
Millbrook, Ontario
Canada

Daryl
Arcadia, CA
United States

Roni
Kfar Sava,
Israel

Syeda
Austin, TX
United States

Lisa
Calgary, Alberta
Canada

Trent
Scotch Plains, New Jersey
United States

Gianluca
Milano,
Italy

Jeremy
Buffalo, NY
United States

Journal entries for Alice Nyambura Kangethe

Loan has been disbursed Entrepreneur: Alice Nyambura Kangethe Location: Kiambu, Kenya Thank you for your loan. It has been disbursed to Alice Nyambura Kangethe by Women`s Economic Empowerment Consort in Kenya. We are excited to watch this business grow. Over the next 10 - 18 months, Women`s Economic Empowerment Consort will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kiambu, Kenya Feb 9, 2007
Comment on this entry

WEEC loan default Entrepreneur: Alice Nyambura Kangethe Location: Kiambu, Kenya Kiva recently notified you that your loan to the business or businesses above will not be repaid in full and is now considered defaulted. As a reminder, any amount of this loan that has been collected by Kiva is available to you as Kiva Credit. You can re-lend this Kiva Credit to another business, withdraw it or donate to Kiva on our website: www.kiva.org. Reason for default: All entrepreneur profiles on Kiva’s website are posted by local Field Partners. This particular business was posted by our Kenyan Field Partner, the Women’s Economic Empowerment Consort (WEEC). WEEC is currently experiencing significant operational difficulties that have caused all active WEEC loans to default. It is important to note that in many cases the entrepreneur repaid the loan to WEEC in full and did benefit from your loan. However, WEEC has experienced operational problems caused by a number of factors, including the unexpected death of WEEC’s founder and Executive Director, poor management of funds, and economic and political unrest in Kenya. Together, these factors produced a situation where Kiva is unable to get a 100% clear account of your specific loan and recover your full loan amount from WEEC. To learn more, please visit: www.kiva.org/about/aboutPartner?id=6 We hope you realize that this outcome is an exception to the norm when lending at Kiva and that you’ll give lending another chance. If you have any questions, please let us know and thanks again for your ongoing support. Sincerely, Shelby Clark Kiva Staff
Posted by Shelby Clark from Kiambu, Kenya Jun 5, 2008
Comments (82)

Repayment Schedule for Alice Nyambura Kangethe

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2007	$45.00	$0.00	Repayment Received
June 2007	$45.00	$90.00	Repayment Received
July 2007	$45.00	$0.00	Repayment Received
August 2007	$45.00	$90.00	Repayment Received
September 2007	$45.00	$45.00	Repayment Received
October 2007	$45.00	$45.00	Repayment Received
November 2007	$45.00	$45.00	Repayment Received
December 2007	$45.00	$0.00	Delinquent
January 2008	$45.00	$0.00	Delinquent
February 2008	$45.00	$0.00	Delinquent