Marieta Nzisa Mutuku

Status: Paying Back - Delinquent

$1,150.00		Loan Amount

66% repaid

About the Entrepreneur

Name:	Marieta Nzisa Mutuku
Location:	Kasarani,nairobi, Kenya
Activity:	Internet Cafe

About the Loan

Loan Amount:	$1,150.00
Loan Use:	Purchase three computers
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 1, 2008
Date Disbursed:	Mar 16, 2008
Date Funded:	Mar 2, 2008

About the Field Partner

Field Partner:

Action Now: Kenya (ANK)

Field Partner Risk Rating:

(Learn more)

Paused

33 months

214

$127,300

55.14%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	Kenya Shillings (KES)
Exchange Rate:	70.5300 KES = 1 USD

Marietta Nzisa is 30 years old. She’s married with one child and expecting her second in February, 2008.
She has a cyber cafe that provides internet and photocopying services. She started her business in 2006 after completing a computer course at a technical college. She approached her mother for a loan to start her own business because she did not like to ask her mother for money to buy things like creams and other personal items. Her mother loaned her 80,000 Kenyan Shillings, which Marietta use to buy three computers and rent a stall at Kasarani a town on the outskirts of Nairobi.

Due to the popularity and demand of computer services, Marietta has a growing number of customers and wants to add more computers. Currently, her loyal customers must wait 30 minutes to access a computer. The wait sometimes makes customers leave and this pains Marietta greatly. She is therefore requesting a loan of 80,000 Kenyan Shillings ($1150.00) to purchase three brand new computers. This will be a landmark for Marietta because she will then be able to provide quick and efficient service. She will also train at least one student in a computer course. Students will save by training in her business because they will not have to travel all the way into town.

Marietta thanks the Kiva lenders in advance. The repayment period for this loan is 10-12 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.

Lenders to this entrepreneur

Anonymous

Shelby
Westlake Village, CA
United States

Paul & Daisy
Porto, Porto
Portugal

Rune Liseth Meyer
Horten, Vestfold
Norway

Jillian
Henderson, NV
United States

Fergus and Molly
Regina, Saskatchewan
Canada

Lee
Macon, GA
United States

Ginny
Lakemont, GA
United States

Karen
Wayne, NJ
United States

leslie
essen,
Germany

Prasheel
Brisbane, Queensland
Australia

Judd
Columbia, SC
United States

Rosemary
North Quincy, MA
United States

Greg
Omaha, NE
United States

Karin
Anchorage, AK
United States

steve roh
philadelphia, pa
United States

Catherine

Juergen
San Diego, CA
United States

Carrie
Camas, WA
United States

Sherron
New York, NY
United States

Mwende
Mill Valley, CA
United States

Jane
Northbridge, New South Wales
Australia

Keara & Claire
Menlo Park, CA
United States

Shelagh
Dawson Creek, British Columbia
Canada

John
Aberden, Aberdeen City
United Kingdom

United Methodist Men
Newtonville, MA
United States

Donna
Reston, VA
United States

Jon
Los Altos Hills, CA
United States

Davis Family
San Clemente, CA
United States

Arlene
Washington, DC
United States

Success Solved.com
Las Vegas, Nevada
United States

Stefan
Antwerpen, Antwerpen
Belgium

tito harris
Effretikon,
Switzerland

Dagur
Reykjavik, N/A
Iceland

Brian
Seattle, WA
United States

Michelle
Marietta, GA
United States

Hibberds Oakville Canada
Oakville, ON
Canada

Journal entries for Marieta Nzisa Mutuku

Loan has been disbursed Entrepreneur: Marieta Nzisa Mutuku Location: Kasarani,nairobi, Kenya Thank you for your loan. It has been disbursed to Marieta Nzisa Mutuku by Action Now: Kenya in Kenya. We are excited to watch this business grow. Over the next 12 months, Action Now: Kenya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kasarani,nairobi, Kenya Mar 16, 2008
Comments (2)

More services for her clients, more employees added Entrepreneur: Marieta Nzisa Mutuku Location: Kasarani,nairobi, Kenya When we visited Marietta, we found her at her internet café, very busy and dealing with many clients. In between assisting clients (we did not want to take her away from her work) she explained to us that her Kiva loan allowed her to purchase computers and other equipment so that her customers can do everything they need at her shop: browse the internet, scan pictures, or make copies. Marietta also added 2 employees to her shop, as the business is now turning a profit each month. She would like to open another internet café where she would also sell mobile phones and SIM cards.
Posted by Edgar Mayende from Kasarani,nairobi, Kenya Nov 25, 2008
Comment on this entry

Optimism! Entrepreneur: Marieta Nzisa Mutuku Location: Kasarani,nairobi, Kenya Marietta Nzisa received 4 computers through her Kiva loan which she added to her cyber cafe where many clients come to browse. Apart from browsing customers also enjoy scanning and photocopying. Marietta also added 2 employees to her shop, as the business is now turning in some profit each month. She is very optimistic about the business and knows that she will succeed. On behalf of ANK staff.
Posted by Wilberforce Mulindi from Kasarani,nairobi, Kenya Jan 26, 2009
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Marieta Nzisa Mutuku Location: Kasarani,nairobi, Kenya Dear Lender, This is an update on your loan to a borrower working with Action Now: Kenya in Kenya. Thank you for supporting low-income entrepreneurs by lending through Kiva. You may have noticed that repayments on this loan have not been coming in for quite some time. After detailed investigation by Kiva representatives in Kenya, our team has determined that further repayments on your loan will be considerably delayed. However, Kiva staff are working closely with our Field Partner, Action Now: Kenya, who manages this loan on the ground to arrange the gradual repayment of your loan. To learn more, please visit: http://www.kiva.org/about/aboutPartner?id=36 Although your loan is delinquent, we hope you realize that over 95% of loans on Kiva have been repaid in full and that you'll give lending to developing world entrepreneurs another chance in the future. Thank you, Ben Elberger Kiva Staff Microfinance Partnerships Manager
Posted by Benjamin Elberger, Kiva Staff, from San Francisco, United States Apr 2, 2009
Comments (21)

Repayment Schedule for Marieta Nzisa Mutuku

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	Expected Repayments	Actual Repayments	Comments
June 2008	$95.83	$96.00	Repayment Received
July 2008	$95.83	$96.00	Repayment Received
August 2008	$95.83	$96.00	Repayment Received
September 2008	$95.83	$96.00	Repayment Received
October 2008	$95.83	$96.00	Repayment Received
November 2008	$95.83	$96.00	Repayment Received
December 2008	$95.83	$96.00	Repayment Received
January 2009	$95.83	$94.67	Repayment Received
February 2009	$95.83	$0.00	Delinquent
March 2009	$95.83	$0.00	Delinquent
April 2009	$95.83	$0.00	Delinquent
May 2009	$95.87	$0.00	Delinquent
December 2009	$0.00	$3.00