Milkah Mugure Kariuki

Status: Paying Back - Delinquent

$1,000.00		Loan Amount

25% repaid

About the Entrepreneur

Name:	Milkah Mugure Kariuki
Location:	Ruai, Nairobi, Kenya
Activity:	Poultry

About the Loan

Loan Amount:	$1,000.00
Loan Use:	Purchase of chicken medicine, chicken feeds, and charcoal.
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 22, 2008
Date Disbursed:	Aug 6, 2008
Date Funded:	Jul 23, 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:	66.1064 KES = 1 USD

Milkah Mugure is a 41 year-old married woman with two children ages 18 and 13. Apart from her family, she has no other dependents. She lives on the outskirts of Nairobi in a place called Ruai. In October 2006, she received a loan from a merry–go-round women’s savings and lending group. Milkah had planned on starting a chicken-raising business, but she never had access to the proper funds, until she received the money from the women’s group. After receiving this loan, she bought chicken feed and medicine for the chicks. With the help of neighbors who also raise chickens, Milkah has become an expert in the chicken-raising business. But now, Milkah understands that her growing business needs a boost: She needs to purchase more chickens, chicken feed, medicine and charcoal for keeping the chickens warm. She is confident that with these things, her business will grow in scale and popularity. After upgrading her business, Milkah will be able to better serve her customers and satisfy them with her product, which she raises as naturally as possible. Finally, with increased income, Milkah will be able to live a more comfortable life and continue taking care of her family and educating her children. She will repay her loan within a term of 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

Georges
Sierre,
Switzerland

Wolfgang
KivaFriends.org, Berlin
Germany

Greg
Juno Beach, FL
United States

Faye and Richard
Waterford, Waterford
Ireland

Annette
Oakville, Ontario
Canada

jo neel
austin, TX
United States

John
Westminster, CO
United States

Doug
Ithaca, NY
United States

Chris
Vancouver, British Columbia
Canada

Betsey
Ellicott City, MD
United States

ted & carol
lipscomb, AL
United States

David
Kearney, MO
United States

Cheryl
Derby, Derbyshire
United Kingdom

Susan
Summit, NJ
United States

Elisabeth
LONG BEACH, CA
United States

Ramona
KivaFriends.org, Berlin
Germany

Kent
Corte Madera, CA
United States

Claus-Peter
www.kivafriends.org,
Germany

rowan
Albuquerque, NM
United States

Anonymous
New York, NY
United States

Hannah
Ashland, OR
United States

Kristin
Nevada City, CA
United States

Tony
Vista, CA
United States

Simona&Gerard
Ceske Budejovice,
Czech Republic

Jeanne
Arvada, CO
United States

Maria
rockwell, NC
United States

Ian
Fort Langley, British Columbia
Canada

Journal entries for Milkah Mugure Kariuki

Loan has been disbursed Entrepreneur: Milkah Mugure Kariuki Location: Ruai, Nairobi, Kenya Thank you for your loan. It has been disbursed to Milkah Mugure Kariuki by Action Now: Kenya (ANK) in Kenya. We are excited to watch this business grow. Over the next 12 months, Action Now: Kenya (ANK) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Ruai, Nairobi, Kenya Aug 7, 2008
Comment on this entry

Modernizing her business Entrepreneur: Milkah Mugure Kariuki Location: Ruai, Nairobi, Kenya Yesterday Milkah told us how she bought some equipment to assist her in feeding her chickens and also some more chicks, as her current chickens are maturing. She was excited about this, as she thinks that now things will really begin to take off! She also wants to express her thanks to all of those who loaned her money and made this possible.
Posted by Caroline Karoki from Ruai, Nairobi, Kenya Nov 28, 2008
Comments (2)

Thank You! Entrepreneur: Milkah Mugure Kariuki Location: Ruai, Nairobi, Kenya Milkah bought some equipment to assist her in feeding her chickens and also some more chicks, as her current chickens are maturing. She is very excited about this; she also wants to express her thanks to all Kiva lenders and to ANK for the loan. On behalf of ANK staff
Posted by Wilberforce Mulindi from Ruai, Nairobi, Kenya Jan 26, 2009
Comments (2)

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Milkah Mugure Kariuki Location: Ruai, Nairobi, 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 Milkah Mugure Kariuki

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	Expected Repayments	Actual Repayments	Comments
November 2008	$83.33	$84.00	Repayment Received
December 2008	$83.33	$84.00	Repayment Received
January 2009	$83.33	$82.00	Repayment Received
February 2009	$83.33	$0.00	Delinquent
March 2009	$83.33	$0.00	Delinquent
April 2009	$83.33	$0.00	Delinquent
May 2009	$83.33	$0.00	Delinquent
June 2009	$83.33	$0.00	Delinquent
July 2009	$83.33	$0.00	Delinquent
August 2009	$83.33	$0.00	Delinquent
September 2009	$83.33	$0.00	Delinquent
October 2009	$83.37	$0.00	Delinquent
December 2009	$0.00	$5.88