Elvis Wandito Gichuru

Status: Paying Back - Delinquent

$500.00		Loan Amount

7% repaid

About the Entrepreneur

Name:	Elvis Wandito Gichuru
Location:	Kibera Slums, Kenya
Activity:	Carpentry

About the Loan

Loan Amount:	$500.00
Loan Use:	To purchase more timber, materials, and electronics
Repayment Term:	16 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Oct 1, 2008
Date Disbursed:	Oct 15, 2008
Date Funded:	Oct 1, 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:	70.5000 KES = 1 USD

Elvis Gichuru is a 50-year-old man who is married with 3 children, ages 26, 24, and 21, respectively. He resides and works in Kibera, Nairobi.

Elvis is a carpenter by profession who started his business in 1980. He obtained his carpentry experience from doing small jobs. Through patience and hard work, Elvis acquired the training and skills needed to venture into his own private business.

He began by making doors at the location that would eventually become his place of business. With Ksh 1,000, he invested in his carpentry skills. This saw him expand the building that he started in 1986 into a permanent workplace.

As his client base has grown, Elvis now intends to expand his workshop to accommodate larger client orders. He is confident that with a Kiva loan of Ksh 35,000, he will be able to purchase timber worth Ksh 20,000 and electronics such as bulbs, extension cables, and wires and sockets for Ksh 15,000.

Elvis also believes that with his improved business, his customers from the immediate community will benefit by being able to receive their orders in good time, as they themselves will not have to bring their own timber for their orders.

Elvis thanks Kiva lenders in advance, as he wishes to repay the loan in 14 months.

Lenders to this entrepreneur

Wolfgang
KivaFriends.org, Berlin
Germany

Mark Agwonah Memorial
Kivafriends worldwide!,

Brian
Austin, TX
United States

Kay
Columbia, MD KivaFriends.org
United States

Nazaret
Lublin, Poland
Poland

Adam

Susan
Washington, DC
United States

toni & Bob
owen sound, ontario
Canada

Dippus
Huddersfield, West Yorkshire
United Kingdom

Don & Ellen
Paoli, PA
United States

Desiree
St. Thomas, VI
United States

Carol
Gibsons, BC
Canada

Jaff
Ft. Lauderdale, FL
United States

Donald
cleveland, OH
United States

Holli
bellevue, WA
United States

Martin
Randolph, NJ
United States

Terry
Saratoga, CA
United States

NYC Triathlon 08 Team 1
Many, Places

Tad
Newport, RI
United States

Arlene
Washington, DC
United States

Top Lending Teams for this entrepreneur

Rotary Club of Gibsons
Clubs
2 Members

Team Europe
Local Area
1245 Members

Kiva Christians
Friends
3096 Members

Ontario, Canada
Local Area
69 Members

Team Obama
Common Interest
3021 Members

Journal entries for Elvis Wandito Gichuru

Loan has been disbursed Entrepreneur: Elvis Wandito Gichuru Location: Kibera Slums, Kenya Thank you for your loan. It has been disbursed to Elvis Wandito Gichuru by Action Now: Kenya (ANK) in Kenya. We are excited to watch this business grow. Over the next 14 months, Action Now: Kenya (ANK) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Kibera Slums, Kenya Oct 22, 2008
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Elvis Wandito Gichuru Location: Kibera Slums, 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 Elvis Wandito Gichuru

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	Expected Repayments	Actual Repayments	Comments
January 2009	$35.71	$35.71	Repayment Received
February 2009	$35.71	$0.00	Delinquent
March 2009	$35.71	$0.00	Delinquent
April 2009	$35.71	$0.00	Delinquent
May 2009	$35.71	$0.00	Delinquent
June 2009	$35.71	$0.00	Delinquent
July 2009	$35.71	$0.00	Delinquent
August 2009	$35.71	$0.00	Delinquent
September 2009	$35.71	$0.00	Delinquent
October 2009	$35.71	$0.00	Delinquent
November 2009	$35.71	$0.00	Delinquent
December 2009	$35.71	$3.64
January 2010	$35.71	Available Jan 1
February 2010	$35.77	Available Feb 1