Hannah Wambui Macharia

Status: Ended with Loss - Defaulted

$150.00		Loan Request
$90.00		Paid Back

About the Entrepreneur

Name:	Hannah Wambui Macharia
Location:	Muranga, Kenya
Activity:	Dairy

About the Loan

Loan Amount:	$150.00
Loan Use:	She would like to buy a dairy cow
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Mar 18, 2007
Date Disbursed:	Apr 2, 2007
Date Funded:	Mar 19, 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)

Hannah is 43 years old. She is married with 4 children. Hannah is a member of the Anglican Church. She has been a mentor to many young mothers due to her strong faith. She encourages the young mothers to soldier on and not to give up doing their best for both their families and for the community.
The group often asks Hannah to assist the officials to solve any dispute amongst the members.

Hannah’s economic activity is farming. She grows maize and beans and rears one dairy cow that produces 6 liters of milk per day. Hannah sells most of the farm produce at the busy Kagunduini Market. The income she gets assists her to pay her loans and to save USD 3 per month with the group. The loans have assisted her to pay the secondary school fees for her 2 children.

Hannah plans to buy another dairy cow to be able to increase the quantity of milk she sells per day to 12 liters. She has applied for a loan of USD 150 to buy another cow. The loans committee has approved her loan. Hannah wants to take advantage of the good milk price offered by the Kenya Cooperative Creameries for the milk product. She will repay the loan within a period of 12 months.

Lenders to this entrepreneur

Euisan
Anaheim, CA
United States

Talkathon
Saint Louis Park, MN
United States

webtutor
23562, Luebeck
Germany

Laurent D
Brussels,
Belgium

Journal entries for Hannah Wambui Macharia

Loan has been disbursed Entrepreneur: Hannah Wambui Macharia Location: Muranga, Kenya Thank you for your loan. It has been disbursed to Hannah Wambui Macharia 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 Muranga, Kenya Apr 2, 2007
Comment on this entry

WEEC loan default Entrepreneur: Hannah Wambui Macharia Location: Muranga, 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 Muranga, Kenya Jun 5, 2008
Comments (82)

Repayment Schedule for Hannah Wambui Macharia

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	Expected Repayments	Actual Repayments	Comments
July 2007	$15.00	$0.00	Repayment Received
August 2007	$15.00	$30.00	Repayment Received
September 2007	$15.00	$15.00	Repayment Received
October 2007	$15.00	$15.00	Repayment Received
November 2007	$15.00	$15.00	Repayment Received
December 2007	$15.00	$15.00	Repayment Received
January 2008	$15.00	$0.00	Delinquent
February 2008	$15.00	$0.00	Delinquent
March 2008	$15.00	$0.00	Delinquent
April 2008	$15.00	$0.00	Delinquent