Jane Mutwa Mutwike

Status: Paying Back - Delinquent

$650.00		Loan Amount

50% repaid

About the Entrepreneur

Name:	Jane Mutwa Mutwike
Location:	Mlolongo Settlement, Kenya
Activity:	Cosmetics Sales

About the Loan

Loan Amount:	$650.00
Loan Use:	To purchase hair and beauty products
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Apr 23, 2008
Date Disbursed:	May 12, 2008
Date Funded:	Apr 28, 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:	61.5500 KES = 1 USD

Jane Mutwa Mutwike is 33 years old. She is single and has no dependents. She lives in Mlolongo town along the major Mombasa highway. Jane started her business way back in 2006 after saving about 20,000 Kenyan Shillings ($310.00) while she was employed as a shop attendant in Kitui town. Because her savings were not enough, she approached her elder sister for a loan of an additional Ksh 20,000. Her sister didn’t hesitate to loan her younger sibling the money she needed because she felt that she had a genuine case and therefore she wanted to support her.

With the funds she had accumulated as the initial capital Jane bought a variety of hair and beauty products and started operating her business from her house. She approached several salons in her neighborhood and began to sell her products to them. Most of the salon owners liked her approach and they always bought her products. By selling door-to-door, Jane was able to make a big profit and with it she rented a stall from where she is still operating. She employs someone to work in the stall while she continues to go door-to-door to look for customers and also sell to her loyal ones.

From this effort, her business has grown to the point that Jane now wants to increase her inventory of the hair and beauty products like braids, extensions, and chemicals among other items, and meet the growing needs of her customers. She is therefore kindly requesting a loan-in-kind from Kiva lenders of Ksh 40,000 ($650.00). With this loan, Jane will be able to add much-needed stock, which will grow her business and also translate into a higher income. She then hopes to employ another helper, therefore creating a much needed employment opportunity. The repayment period for this loan is 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

David
Waynesboro, PA
United States

Anne Marie
alameda, CA
United States

Allan
Brooklyn, NY, NY
United States

Daniel
Hinton, Alberta
Canada

Arlene
Washington, DC
United States

jelly
Prague,
Czech Republic

David
Broomall, PA
United States

Anonymous
Montreal, Quebec
Canada

Jo & Jack
Anchorage, Alaska
United States

Agosta
Raleigh, NC
United States

Leonard
Växjö,
Sweden

Phil & Kathleen
Langley, British Columbia
Canada

Espen
Oslo,
Norway

Annetta

Allison
new york, NY
United States

Nilesh Jain
Cupertino, CA
United States

Jennifer Nikolaisen
Woodbridge, VA
United States

Wally and Marcia
South St Paul, MN
United States

Journal entries for Jane Mutwa Mutwike

Loan has been disbursed Entrepreneur: Jane Mutwa Mutwike Location: Mlolongo Settlement, Kenya Thank you for your loan. It has been disbursed to Jane Mutwa Mutwike 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 Mlolongo Settlement, Kenya May 12, 2008
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Kiva loan as seed money for expansion Entrepreneur: Jane Mutwa Mutwike Location: Mlolongo Settlement, Kenya Since receiving her loan, Jane has had an increase in the number of customers at her beauty shop and has had to add 2 employees. These employees also brought with them some customers, as word of mouth is the biggest form of advertising here. Jane is hoping to open another salon soon, since she feels that she is going to max out the capacity of her current space. She is very excited about the possibilities, and feels that this loan helped her business take off. With the increase in income, Jane feels a financial security that she has never experienced before in her life. She is very thankful to Kiva and all of the lenders who supported her.
Posted by Edgar Mayende from Mlolongo Settlement, Kenya Nov 25, 2008
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Changing lives! Entrepreneur: Jane Mutwa Mutwike Location: Mlolongo Settlement, Kenya Jane Mutwike received her loan from Kiva and recorded an increase in the number of customers at her beauty shop hence she added 2 employees. This led to increased income which made her happy with her business. She thanks ANK and Kiva lenders for the loan. on behalf of ANK staff.
Posted by Caroline Karoki from Mlolongo Settlement, Kenya Jan 24, 2009
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Still struggling Entrepreneur: Jane Mutwa Mutwike Location: Mlolongo Settlement, Kenya When we visited Jane at her new location in Pipeline, she said that she had moved from Mlolongo because business was low and she couldn’t make ends meet. Jane said business was still slow in Pipeline but she is trying all means possible to make it work. ANK Director encouraged her and wished her well in her business. Despite all Jane thanks all her lenders and ANK for being patient with her. Below is Jane's questionaire 1
Posted by Caroline Karoki from Mlolongo Settlement, Kenya Feb 23, 2009
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Questionaire 2 Entrepreneur: Jane Mutwa Mutwike Location: Mlolongo Settlement, Kenya Questionaire 2
Posted by Caroline Karoki from Mlolongo Settlement, Kenya Feb 23, 2009
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Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Jane Mutwa Mutwike Location: Mlolongo Settlement, 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 Jane Mutwa Mutwike

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	Expected Repayments	Actual Repayments	Comments
August 2008	$54.17	$55.00	Repayment Received
September 2008	$54.17	$55.00	Repayment Received
October 2008	$54.17	$55.00	Repayment Received
November 2008	$54.17	$55.00	Repayment Received
December 2008	$54.17	$55.00	Repayment Received
January 2009	$54.17	$50.00	Repayment Received
February 2009	$54.17	$0.00	Delinquent
March 2009	$54.17	$0.00	Delinquent
April 2009	$54.17	$0.00	Delinquent
May 2009	$54.17	$0.00	Delinquent
June 2009	$54.17	$0.00	Delinquent
July 2009	$54.13	$0.00	Delinquent
December 2009	$0.00	$2.55