Robert Emeje Papa

Thank you for your loan. It has been disbursed to Robert Emeje Papa by People Microcredit Investment Bureau in Kenya. We are excited to watch this business grow. Over the next 6 months, People Microcredit Investment Bureau will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Dear Kiva Lenders:

We would like to give you an update on your loan(s) managed by Kiva’s Field Partner PEMCI in Kenya.

As you may know, the region in which entrepreneurs working with PEMCI live was severely affected by the riots and civil unrest that took place in Kenya earlier this year. Many, if not all, of PEMCI's entrepreneurs were adversely affected by this event, and currently PEMCI has a very high portfolio delinquency rate. Kiva staff have been in continual contact with PEMCI's Executive Director, Margaret Karuri, to assess the possible impact the civil disturbances may have on Kiva lender loans.

PEMCI is making every effort to work with their clients to fully understand their unique situations and how it has affected their businesses and their ability to repay their loans. However, we do expect that there may be situations where loans managed by PEMCI will go into default, as clients (i) may be unable to be located, (ii) clients' businesses may have been destroyed, and (iii) clients may have otherwise suffered such extreme losses that their debt is causing them unusual difficulties.

At this time we are providing PEMCI with what support we can, and PEMCI is encouraged knowing that they have supporters around the world in Kiva Lenders. Although we realize the entire Kiva community is eager to help entrepreneurs in Kenya, we ask that you please refrain from requesting to “forgive” your loan at this time, because PEMCI will be evaluating each entrepreneur’s status individually and we would like to cooperate with PEMCI in following the standard procedures to assess the situation. As the situation develops, PEMCI will provide additional overall updates to lenders as they can; however, we wish to convey the expectation that individual entrepreneur updates will likely be difficult to obtain.

Thank you for supporting Kiva Entrepreneurs through PEMCI.

Most Sincerely,

Kiva Staff

You may have noticed that repayments have not been coming in for quite some time. After detailed investigation by Kiva and our Field Partner, PEMCI, in Kenya, our team has determined that further repayments on your loan are highly unlikely. Therefore, these loans are now considered to be in default. To learn more, please visit:

http://www.kiva.org/about/aboutPartner?id=27

Although your loan was not repaid in full in this case, we hope you realize that over 95% of loans have been repaid in full to date on Kiva.

We hope you'll give lending to developing world entrepreneurs another chance in the future.