Margaret Nthenya Mangeli

Status: Paying Back - Delinquent

$425.00		Loan Amount

9% repaid

About the Entrepreneur

Name:	Margaret Nthenya Mangeli
Location:	Pipeline ,nairobi, Kenya
Activity:	Sewing

About the Loan

Loan Amount:	$425.00
Loan Use:	To purchase sewing materials
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

Margaret Mangeli is 37 years old and married with a five-year-old child. She also cares for her younger sister who attends a local college. Margaret's interest in sewing started in 1999 when she made the choice not to move to the rural areas to work in the farms; instead, she got her husband to take her to a sewing school. After gaining sewing skills she worked with a woman known as Mama Brian who helped her refine her skills. With time, however, payments from Mama Brian decreased and work became sparse, so she decided to set out on her own.

With her savings she bought herself a sewing machine and placed herself at a corner in the streets where she would be able to attract customers. In time she established a solid customer base and with the help of one such customer she learned of a room that was for rent. She has been there since April 2000. Her main challenge that Margaret faces is the lack of variety in her materials, which causes some customers to seek elsewhere. She is therefore requesting a loan to purchase materials such linings and buttons, which will enable her to better cater to her customers. She thanks her lenders in advance for their help.

Lenders to this entrepreneur

Mark Agwonah Memorial
Kivafriends worldwide!,

Wolfgang
KivaFriends.org, Berlin
Germany

Henry
Bradenton, FL
United States

Julie
Palo Alto, CA
United States

Tamara Cobbin
Penticton, British Columbia
Canada

www.iacs-md.org
Towson, MD
United States

Kay
Columbia, MD KivaFriends.org
United States

Graham
London, UK
United Kingdom

Nazaret
Lublin, Poland
Poland

Jill
Lambertville, NJ
United States

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

Helene
PARIS,
France

Sandra
Zeist,
Netherlands

Bill and Gina
Indianapolis, IN
United States

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Journal entries for Margaret Nthenya Mangeli

Loan has been disbursed Entrepreneur: Margaret Nthenya Mangeli Location: Pipeline ,nairobi, Kenya Thank you for your loan. It has been disbursed to Margaret Nthenya Mangeli 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 Pipeline ,nairobi, Kenya Oct 22, 2008
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Margaret Nthenya Mangeli Location: Pipeline ,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 Margaret Nthenya Mangeli

Show Advanced

	Expected Repayments	Actual Repayments	Comments
January 2009	$35.42	$35.42	Repayment Received
February 2009	$35.42	$0.00	Delinquent
March 2009	$35.42	$0.00	Delinquent
April 2009	$35.42	$0.00	Delinquent
May 2009	$35.42	$0.00	Delinquent
June 2009	$35.42	$0.00	Delinquent
July 2009	$35.42	$0.00	Delinquent
August 2009	$35.42	$0.00	Delinquent
September 2009	$35.42	$0.00	Delinquent
October 2009	$35.42	$0.00	Delinquent
November 2009	$35.42	$0.00	Delinquent
December 2009	$35.38	$3.05