Kaanu Kirisiet

Status: Ended with Loss - Defaulted

$450.00		Loan Request
$301.00		Paid Back

About the Entrepreneur

Name:	Kaanu Kirisiet
Location:	Isinya, Kenya
Activity:	Food Production/Sales

About the Loan

Loan Amount:	$450.00
Loan Use:	Kaanu Kirisiet would like to set up a cereal business shop.
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Mar 17, 2007
Date Disbursed:	Apr 1, 2007
Date Funded:	Mar 18, 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)

Kaanu Kirisiet is married with four children. Kaanu is an active member of the Nasinya Women’s Group. She has never been to school to get an education but her children are now going to school. She wants to start a cereal shop business in her local residential area. She thought of this idea when she realised how far her local residents travel in search for cereal. This discourages her local residents from buying cereal food because they need to go far away to do so. Through this business venture she will be able to earn an income to help her cater for her children’s school fees. She has applied for a loan of USD 450 to set up a cereal business shop. She is willing to repay this loan in a period of 12 months.

Lenders to this entrepreneur

Pamela & Matt

United States

Tom
Gilbert, AZ
United States

Richard
Eau Claire, WI
United States

Ryan
El Cerrito, CA
United States

The Amblers
San Diego, CA
United States

Neil
London,
United Kingdom

Sean
Winnipeg, Manitoba
Canada

Yann
Germersheim,
Germany

Terry
Mtn. View, CA
United States

Olaf
Sunnyvale, CA
United States

Marie
Salt Lake City, UT
United States

Richard
Chino, CA
United States

Lois
Toronto, Ontario
Canada

Journal entries for Kaanu Kirisiet

Loan has been disbursed Entrepreneur: Kaanu Kirisiet Location: Isinya, Kenya Thank you for your loan. It has been disbursed to Kaanu Kirisiet 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 Apr 1, 2007
Comments (1)

WEEC loan default Entrepreneur: Kaanu Kirisiet 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 Kaanu Kirisiet

Show Advanced

	Expected Repayments	Actual Repayments	Comments
July 2007	$45.00	$0.00	Repayment Received
August 2007	$45.00	$90.00	Repayment Received
September 2007	$45.00	$45.00	Repayment Received
October 2007	$45.00	$45.00	Repayment Received
November 2007	$45.00	$45.00	Repayment Received
December 2007	$45.00	$76.00	Repayment Received
January 2008	$45.00	$0.00	Delinquent
February 2008	$45.00	$0.00	Delinquent
March 2008	$45.00	$0.00	Delinquent
April 2008	$45.00	$0.00	Delinquent