Naomi Mutunke

Status: Ended with Loss - Defaulted

$900.00		Loan Request
$540.00		Paid Back

About the Entrepreneur

Name:	Naomi Mutunke
Location:	Isinya, Kenya
Activity:	Cattle

About the Loan

Loan Amount:	$900.00
Loan Use:	Naomi would like to buy 5 steers
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Mar 5, 2007
Date Disbursed:	Mar 20, 2007
Date Funded:	Mar 6, 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)

Naomi Mutunkei is married with two children. Naomi never went to school as a child but she enrolled in adult learning. Naomi is an active member of Osiligi Women group and also an active member at P.C.E.A Oloyrankalani. Naomi`s children are in Primary school and one of her child is in private school and the rest are in public school.

Naomi started her business in 2005. She bought three steers and after the grazing period she sold them and bought six more. Naomi continued with her business until 2005 when the demand increased and she was under pressure due to lack of capital. She managed to get a small loan from group and added 3 steers. She later sold those steers at double the price she paid for them.

She is very hardworking and very determined to make a difference in her family life with her steers business. She promises to repay her loan on monthly basis.

Lenders to this entrepreneur

Erica
Den Helder,

Anonymous
Homer, AK
United States

Emily
lancaster, PA
United States

Seth and Alex

Sherry
Gibsons, British Columbia
Canada

Caroline
Burlington, MA
United States

Lance Wiggs
wellington, NZ
New Zealand

Kathleen
Irvine, CA
United States

Arnaud
CHICAGO, IL
United States

Adar
Oakland, CA
United States

Patricia
Emmett, ID
United States

Lykle
Hilversum, NH
United States

Tom

Sam
San Francisco, CA
United States

Marc
Astoria, NY
United States

The Crumpley Family
Lovettsville, VA
United States

Lauren
London,
United Kingdom

Matt

Betsy
Philadelphia, PA
United States

Jay
Tempe, AZ
United States

Karen
Burnaby, British Columbia
Canada

Nina
Gamle Fredrikstad,
Norway

Journal entries for Naomi Mutunke

Loan has been disbursed Entrepreneur: Naomi Mutunke Location: Isinya, Kenya Thank you for your loan. It has been disbursed to Naomi Mutunke 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 Mar 20, 2007
Comments (3)

WEEC loan default Entrepreneur: Naomi Mutunke 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 Naomi Mutunke

Show Advanced

	Expected Repayments	Actual Repayments	Comments
June 2007	$90.00	$0.00	Repayment Received
July 2007	$90.00	$0.00	Repayment Received
August 2007	$90.00	$270.00	Repayment Received
September 2007	$90.00	$90.00	Repayment Received
October 2007	$90.00	$90.00	Repayment Received
November 2007	$90.00	$90.00	Repayment Received
December 2007	$90.00	$0.00	Delinquent
January 2008	$90.00	$0.00	Delinquent
February 2008	$90.00	$0.00	Delinquent
March 2008	$90.00	$0.00	Delinquent