Martha Mwihaki

Status: Paying Back - Delinquent

$500.00		Loan Amount

9% repaid

About the Entrepreneur

Name:	Martha Mwihaki
Location:	Umoja, Nairobi, Kenya
Activity:	Shoe Sales

About the Loan

Loan Amount:	$500.00
Loan Use:	To purchase second-hand shoes in bulk
Repayment Term:	14 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:	71.7000 KES = 1 USD

Martha Mwihaki is 32 years old and married with two boys ages one and four years. She lives in Nairobi at a place called Umoja along Outering road. Apart from her family Martha has no other dependents. In April last year Martha was introduced to the business of selling shoes by her best friend who is in that line of work. Martha started off by purchasing two bales of shoes worth 30,000 KSH (420 USD), some of which she had saved, the rest borrowed from her husband which she will finish repaying soon. There was a vacant stall just next to her friend where she displayed her own shoes.

Business was booming and within two weeks both bales were completely sold out. She was now in a position to rent her own stall for 2000 KSH per month. Unfortunately, Martha hasn't made much profit and so believes she should purchase three bales instead of two. To that end, she is requesting this loan so she can purchase shoes that are in high demand for her customers. She believes that with this loan her business will expand and she will continue making more profit. She will also be able to expand her income by opening another business.

Lenders to this entrepreneur

Mark Agwonah Memorial
Kivafriends worldwide!,

Kay
Columbia, MD KivaFriends.org
United States

Sigridur
Reykjavik, Iceland
Iceland

Jill
Lambertville, NJ
United States

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

Ed
Marblehead, MA
United States

Bill and Gina
Indianapolis, IN
United States

Susan
Tucson, AZ
United States

globalista
Washington, DC
United States

Grandchild Bella
Stow, OH
United States

Nazaret
Lublin, Poland
Poland

David
Broomall, PA
United States

Oliver
Frankston, Victoria
Australia

Tim
Steinmaur,
Switzerland

MidlandHighChemics(Mr.M)
Midland, MI
United States

Ted
Springfield, MO
United States

Kathy
Boulder, CO
United States

Michael
Sacramento, CA
United States

Justina
Boulder, CO
United States

Randy
New Canaan, CT
United States

Top Lending Teams for this entrepreneur

Kiva Christians
Friends
3094 Members

Team Obama
Common Interest
3020 Members

Nepal
Common Interest
62 Members

Wellesley
Colleges/Universities
24 Members

Journal entries for Martha Mwihaki

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

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Martha Mwihaki Location: Umoja, 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 Martha Mwihaki

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	Expected Repayments	Actual Repayments	Comments
January 2009	$41.67	$41.67	Repayment Received
February 2009	$41.67	$0.00	Delinquent
March 2009	$41.67	$0.00	Delinquent
April 2009	$41.67	$0.00	Delinquent
May 2009	$41.67	$0.00	Delinquent
June 2009	$41.67	$0.00	Delinquent
July 2009	$41.67	$0.00	Delinquent
August 2009	$41.67	$0.00	Delinquent
September 2009	$41.67	$0.00	Delinquent
October 2009	$41.67	$0.00	Delinquent
November 2009	$41.67	$0.00	Delinquent
December 2009	$41.63	$3.59