Jacinta Njeri Matara

Status: Ended with Loss - Defaulted

$450.00		Loan Request
$315.00		Paid Back

About the Entrepreneur

Name:	Jacinta Njeri Matara
Location:	Kiambu, Kenya
Activity:	General Store

About the Loan

Loan Amount:	$450.00
Loan Use:	Jacinta would like to buy cereal, laundry detergent, beverages, and snacks for her shop
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)

Jacinta was born in 1964 in Kanunga, Kiambu. She is a single mother with three children. The first born is out of school while the other two are still in primary and secondary school. Jecinta is a religious person and participates in all church activities. She is the group chairlady since the group formed in 2002. She has a shop where she sells household beverages, laundry detergent, cereal and vegetables. Since then, she has serviced eight small loans. This month she finished paying a loan of USD 600. She has raised and educated all her children out of her income and group loans. She understands the benefits of loans for she has witnessed transformation in her life. She also keeps dairy cows. Jacinta was born in a business-oriented family. All her brothers are in business. Like her brothers, she started running a small business of selling charcoal and was then encouraged by her brothers, who believe that one can get out of poverty if one works hard enough. Given a loan of USD 450, Jacinta intends to add stock to her household shop.

Lenders to this entrepreneur

Barry
Portland, ME
United States

Michael W. Kruse
Kansas City, MO
United States

Jon
Seattle, WA
United States

Angie
Millbrook, Ontario
Canada

Elizabeth

Jody
chalfont, PA
United States

Brian
Vancouver, BC
Canada

JDHS National Honor Society
Juneau, AK
United States

Anonymous

Albert
Warminster, PA
United States

Audrey
oakland, CA
United States

Dave
Richmond, BC
Canada

James
San Francisco, CA
United States

Journal entries for Jacinta Njeri Matara

Loan has been disbursed Entrepreneur: Jacinta Njeri Matara Location: Kiambu, Kenya Thank you for your loan. It has been disbursed to Jacinta Njeri Matara 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 17, 2007
Comment on this entry

WEEC loan default Entrepreneur: Jacinta Njeri Matara 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 Jacinta Njeri Matara

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	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