Hilda Kagendo


Status: Paying Back - Delinquent

$775.00   Loan Amount
25% repaid

About the Entrepreneur

Name: Hilda Kagendo
Location: Ruai, Nairobi, Kenya
Activity: Home Products Sales

About the Loan

Loan Amount: $775.00
Loan Use: Purchase of more inventory
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 2, 2008
Date Disbursed: Aug 16, 2008
Date Funded:Aug 2, 2008

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:66.1064 KES = 1 USD



Hilda is a 41 year-old widow with 3 children. She lives on the outskirts of Nairobi in a place known as Ruai. Hilda lost her husband in a traffic road accident, leaving her with the responsibility of taking care of their children. She did, however, receive compensation from the party at fault for her husband’s tragic death, and a fund was established to support the family.



With this compensation, Hilda began to think of ways she could invest and create financial security for the future. She decided to open a shop in Ruai and began selling blankets. As time went on, her business continued to grow and she increased her stock. Hilda also began supplying blankets in bulk to other merchants. Hilda now has reliable customers and she regularly supplies other businesses on the outskirts of Nairobi.



Hilda is now looking for loan so that she can expand her market and take on more clients. This way, her profits will increase and she will be in a better position to support her family. Hilda thanks Kiva lenders in advance and will repay her loan in 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.


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Lenders to this entrepreneur

Project Shalom
Wellington, FL
United States

William
Pinehurst, NC
United States

Hilda
Highlands, Scotland

Mark Agwonah Memorial
Kivafriends worldwide!,

Good Dogg
Front Porch, www.kivafriends.org
United States

Ann
kivafriends.org Eastport, Maine
United States

Virginia
Philadelphia, PA
United States

Mark Bruns
George, IA
United States

Nancy
Manteca, CA
United States

Adam
San Jose, CA
United States

r & l
Winter Springs, FL
United States

CLAIRE
CARLSBAD, CA
United States

Kay
Columbia, MD KivaFriends.org
United States

alice
bainbridge island, WA
United States

Kent
San Francisco, CA
United States

Anonymous
San Diego, CA
United States

Patrick
Winnipeg, Manitoba
Canada

Connie
Spicewood, TX
United States

Steve Silver
Nishinomiya, Hyogo-ken
Japan

Anonymous
Ottawa, Ontario
Canada

Jessica
Bloomington, IL
United States

Adam & Christy
Davidson, New South Wales
Australia



Journal entries for Hilda Kagendo


Loan has been disbursed
 
Entrepreneur: Hilda Kagendo
Location: Ruai, Nairobi, Kenya

Thank you for your loan. It has been disbursed to Hilda Kagendo 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 17, 2008
Comment on this entry

Thank you
 
Entrepreneur: Hilda Kagendo
Location: Ruai, Nairobi, Kenya

Hilda got her loan and as for now shes one happy lady,she promises to repay her loan on the appointed date.She is grateful to all her lenders.


Posted by Caroline Karoki from Ruai, Nairobi, Kenya
Nov 4, 2008
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower
 
Entrepreneur: Hilda Kagendo
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)

Kiva Help Repayment Schedule for Hilda Kagendo

  Expected Repayments Actual Repayments Comments
November 2008 $64.58 $65.00 Repayment Received
December 2008 $64.58 $65.00 Repayment Received
January 2009 $64.58 $63.75 Repayment Received
February 2009 $64.58 $0.00 Delinquent
March 2009 $64.58 $0.00 Delinquent
April 2009 $64.58 $0.00 Delinquent
May 2009 $64.58 $0.00 Delinquent
June 2009 $64.58 $0.00 Delinquent
July 2009 $64.58 $0.00 Delinquent
August 2009 $64.58 $0.00 Delinquent
September 2009 $64.58 $0.00 Delinquent
October 2009 $64.62 $0.00 Delinquent
December 2009 $0.00 $4.55