Kuresoi Matuya

Status: Ended with Loss - Defaulted

$450.00		Loan Request
$353.00		Paid Back

About the Entrepreneur

Name:	Kuresoi Matuya
Location:	Isinya, Kenya
Activity:	Crafts

About the Loan

Loan Amount:	$450.00
Loan Use:	Kuresoi wants to buy different varieties of beads for beadwork.
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Feb 2, 2007
Date Disbursed:	Feb 17, 2007
Date Funded:	Feb 3, 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)

Matuya is married with five children. She is an active member of Naserian Womens Group. She attends Baptist Church Kipiro centre. She started her business of selling beads at Isinya town with a stock of less than USD 70 in the year 2000. She decorates belts, mats, necklaces and shoes. After three years her business did so well which allowed her to do a lot of saving. She increased her bead stock, employed one woman to assist her, and she now sells her products at Maasai Market in Nairobi. From the business she has earned her family a better life and she is very determined to give her children the best through her business. She is willing to repay her loan on a monthly basis.

Lenders to this entrepreneur

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Premal
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Kay
Columbia, MD KivaFriends.org
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Odette
Gibsons, British Columbia
Canada

Simon
San Francisco, CA
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Julie
Calgary, Alberta
Canada

Stephanie
Seattle, WA
United States

Laura
Los Angeles, CA
United States

Redic
San Francisco, CA
United States

Carole
Rio Rancho, NM
United States

Michael
Sacramento, CA
United States

Top Lending Teams for this entrepreneur

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Journal entries for Kuresoi Matuya

Loan has been disbursed Entrepreneur: Kuresoi Matuya Location: Isinya, Kenya Thank you for your loan. It has been disbursed to Kuresoi Matuya 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 Isinya, Kenya Feb 17, 2007
Comments (1)

WEEC loan default Entrepreneur: Kuresoi Matuya Location: Isinya, 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 Isinya, Kenya Jun 5, 2008
Comments (82)

Repayment Schedule for Kuresoi Matuya

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	$38.00	Delinquent
January 2008	$45.00	$0.00	Delinquent
February 2008	$45.00	$0.00	Delinquent