Joyce Nyokabi Mwangi

Status: Paying Back - Delinquent

$975.00		Loan Amount

9% repaid

About the Entrepreneur

Name:	Joyce Nyokabi Mwangi
Location:	Pipeline ,nairobi, Kenya
Activity:	Quarrying

About the Loan

Loan Amount:	$975.00
Loan Use:	To purchase stone quarry equipment
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

At 70 years of age, with five children, Joyce Nyokabi beams with a confident smile when she talks about her business. The father of her children deserted her quite some time ago (she can't remember the year) when the children were young. Since then, Nyokabi has known no happiness but has struggled throughout her life, but those struggles have not torn her down. She has been through many ups and downs while she raised her children who are now adults. She also has four grand children aged 15, 12, 6 and 3 years old.

In 2005, a hungry and penniless Nyokabi didn't have anything to feed her children. She therefore went to work in a quarry so that she could at least buy vegetables and flour. Through this arduous and back-breaking experience, Nyokabi received valuable skills needed in the field. After two miserable years she had saved enough to buy her own quarry plot and has since bought another as well.

With these quarry plots, Nyokabi has been able to afford an education for her children. Because the current demand for high-quality building stones is high, Nyokabi wants to expand her operations. Nyokabi is therefore requesting a loan to purchase equipment necessary for breaking and shaping the stones. The impact of this loan will go beyond her and her family, because she will then be able to employ community members and help address idleness and poverty in town.

Lenders to this entrepreneur

Laurence
Antibes,
France

Mark Agwonah Memorial
Kivafriends worldwide!,

Kay
Columbia, MD KivaFriends.org
United States

Michelle
Hervey Bay, QLD
Australia

Arnout Mostert
Singapore,
Singapore

Terry
KivaFriends.org , St. Louis, MO
United States

CherylS
kivafriends.org, Littleton, NC
United States

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

Romin
Newbury, Berkshire
United Kingdom

Michael & Norma
Stratford, Ontario
Canada

Sandy
Independence, KS
United States

Jean
Perth, Western Australia
Australia

P & D
Burlington, Ontario
Canada

Tigger
Adelaide, South Australia
Australia

Helle
8654 Bryrup, Denmark
Denmark

Michael
Seacliff Park, South Australia
Australia

patrice
auxerre,
France

David
Lisbon,
Portugal

Peter
Kyle, Highland
United Kingdom

Kurt
Los Angeles, CA
United States

Hilda
Highlands, Scotland

Carol
Hull, MA
United States

Herman
Dordrecht,

Brian
Leonia, NJ
United States

Oliver
Frankston, Victoria
Australia

William
New York, NY
United States

Hicha
Bronx, NY
United States

Katrin
Weingarten,
Germany

Don and Trina
Antigonish, Nova Scotia
Canada

Nazaret
Lublin, Poland
Poland

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Journal entries for Joyce Nyokabi Mwangi

Loan has been disbursed Entrepreneur: Joyce Nyokabi Mwangi Location: Pipeline ,nairobi, Kenya Thank you for your loan. It has been disbursed to Joyce Nyokabi Mwangi 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
Comments (2)

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Joyce Nyokabi Mwangi 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 Joyce Nyokabi Mwangi

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	Expected Repayments	Actual Repayments	Comments
January 2009	$81.25	$81.25	Repayment Received
February 2009	$81.25	$0.00	Delinquent
March 2009	$81.25	$0.00	Delinquent
April 2009	$81.25	$0.00	Delinquent
May 2009	$81.25	$0.00	Delinquent
June 2009	$81.25	$0.00	Delinquent
July 2009	$81.25	$0.00	Delinquent
August 2009	$81.25	$0.00	Delinquent
September 2009	$81.25	$0.00	Delinquent
October 2009	$81.25	$0.00	Delinquent
November 2009	$81.25	$0.00	Delinquent
December 2009	$81.25	$7.00