Nancy Waithera Njoroge


Status: Ended with Loss - Defaulted

$300.00   Loan Request
$218.00   Paid Back

About the Entrepreneur

Name: Nancy Waithera Njoroge
Location: Kangema, Kenya
Activity: Farming

About the Loan

Loan Amount: $300.00
Loan Use: Nancy would wish to buy a water tank
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 10, 2007
Date Disbursed: Mar 25, 2007
Date Funded:Mar 11, 2007

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:United States Dollars (USD)



Nancy is 50 years old. She hails from Ikinu Village of Maragwa district. She is an active member of ACK St. Phillips church in Maragwa. She is in the Mothers Union Committee in the same church. Nancy is a farmer. She practices mixed farming. She grows bananas, maize, and beans. These are crops that do well especially when there is enough rainfall. Her income is mainly from the sale of bananas. However, she intends to diversify her activities to include dairy farming. She intends to first buy a water tank to enable her store enough water for her use and for the cow that she plans to keep. She has applied for a loan of USD 300 to buy the water tank. Her record both on monthly savings and credit repayments qualifies her to take the loan. The group has approved the loan on a repayment period of 12 months.


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John
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Journal entries for Nancy Waithera Njoroge


Loan has been disbursed
 
Entrepreneur: Nancy Waithera Njoroge
Location: Kangema, Kenya

Thank you for your loan. It has been disbursed to Nancy Waithera Njoroge 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 Kangema, Kenya
Mar 25, 2007
Comment on this entry

WEEC loan default
 
Entrepreneur: Nancy Waithera Njoroge
Location: Kangema, 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 Kangema, Kenya
Jun 5, 2008
Comments (82)

Kiva Help Repayment Schedule for Nancy Waithera Njoroge

  Expected Repayments Actual Repayments Comments
June 2007 $30.00 $0.00 Repayment Received
July 2007 $30.00 $0.00 Repayment Received
August 2007 $30.00 $90.00 Repayment Received
September 2007 $30.00 $30.00 Repayment Received
October 2007 $30.00 $30.00 Repayment Received
November 2007 $30.00 $30.00 Repayment Received
December 2007 $30.00 $17.00 Repayment Received
January 2008 $30.00 $21.00 Delinquent
February 2008 $30.00 $0.00 Delinquent
March 2008 $30.00 $0.00 Delinquent