Wycliffe Tunduka

Status: Paying Back - Delinquent

$1,000.00		Loan Amount

7% repaid

About the Entrepreneur

Name:	Wycliffe Tunduka
Location:	Kayole, Nairobi, Kenya
Activity:	Carpentry

About the Loan

Loan Amount:	$1,000.00
Loan Use:	To increase stock of lumber and purchase equipment
Repayment Term:	16 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Sep 18, 2008
Date Disbursed:	Oct 2, 2008
Date Funded:	Sep 18, 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:	70.9000 KES = 1 USD

Wycliffe Tunduka is 38 years old and is married with two children, ages 13 and 5 years. His late sister's children (ages 18 and 22 years) are also under his care. Wycliffe lives in the Kayole section of Nairobi in an area called Kona Mbaya (meaning "Bar Corner").

Wycliffe started learning the trade of carpentry after training in a village polytechnic facility in his rural home of Kakamega. Upon finishing his training, he took up small contracts, through which he managed to save 3000 KSH and open up his own workshop. Currently, he wants to expand his business and purchase a circular saw for 35,000 KSH and a timber planning machine for 45,000 KSH. Once he purchases the machines, he plans to save his income and increase his stock of timber. Wycliffe also hopes that these improvements will require him to acquire more space for his bureoning business, and employ others and offer them training. This loan will therefore enable him to improve his capacity to provide not only for his family and dependants, but also his community.

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Journal entries for Wycliffe Tunduka

Loan has been disbursed Entrepreneur: Wycliffe Tunduka Location: Kayole, Nairobi, Kenya Thank you for your loan. It has been disbursed to Wycliffe Tunduka 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 Kayole, Nairobi, Kenya Oct 22, 2008
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Wycliffe Tunduka Location: Kayole, 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 Wycliffe Tunduka

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	Expected Repayments	Actual Repayments	Comments
January 2009	$71.43	$71.43	Repayment Received
February 2009	$71.43	$0.00	Delinquent
March 2009	$71.43	$0.00	Delinquent
April 2009	$71.43	$0.00	Delinquent
May 2009	$71.43	$0.00	Delinquent
June 2009	$71.43	$0.00	Delinquent
July 2009	$71.43	$0.00	Delinquent
August 2009	$71.43	$0.00	Delinquent
September 2009	$71.43	$0.00	Delinquent
October 2009	$71.43	$0.00	Delinquent
November 2009	$71.43	$0.00	Delinquent
December 2009	$71.43	$7.27
January 2010	$71.43	Available Jan 1
February 2010	$71.41	Available Feb 1