Jane Njeri Njuguna


Status: Ended with Loss - Defaulted

$600.00   Loan Request
$300.00   Paid Back

About the Entrepreneur

Name: Jane Njeri Njuguna
Location: Muranga, Kenya
Activity: Farming

About the Loan

Loan Amount: $600.00
Loan Use: Jane Njeri Njuguna intends to buy a dairy cow
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 30, 2007
Date Disbursed: Apr 13, 2007
Date Funded:Mar 30, 2007

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:United States Dollars (USD)



Jane Njeri Njuguna is 38 years old. She is married with three children; one in college and another in secondary school. She lives in Nyakaguma village, Maragwa district, at her farm. She attends the local Catholic Church.


Jane also runs a business of trading bananas from her farm, and purchased from local farms. She sells these bananas when ripe to travelers in the open-air market at the bus stage. She hopes to buy a dairy cow through the group if she gets a loan of USD300. She contributes well to the group revolving fund and abides with the group regulations. She is willing to repay this loan within a period of 12 months.


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Journal entries for Jane Njeri Njuguna


Loan has been disbursed
 
Entrepreneur: Jane Njeri Njuguna
Location: Muranga, Kenya

Thank you for your loan. It has been disbursed to Jane Njeri Njuguna by Women`s Economic Empowerment Consort in Kenya. We are excited to watch this business grow. Over the next 10 - 18 months, Women`s Economic Empowerment Consort will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Muranga, Kenya
Apr 13, 2007
Comment on this entry

WEEC loan default
 
Entrepreneur: Jane Njeri Njuguna
Location: Muranga, Kenya

Kiva recently notified you that your loan to the business or businesses above will not be repaid in full and is now considered defaulted. As a reminder, any amount of this loan that has been collected by Kiva is available to you as Kiva Credit. You can re-lend this Kiva Credit to another business, withdraw it or donate to Kiva on our website: www.kiva.org.

Reason for default:

All entrepreneur profiles on Kiva’s website are posted by local Field Partners. This particular business was posted by our Kenyan Field Partner, the Women’s Economic Empowerment Consort (WEEC).

WEEC is currently experiencing significant operational difficulties that have caused all active WEEC loans to default. It is important to note that in many cases the entrepreneur repaid the loan to WEEC in full and did benefit from your loan. However, WEEC has experienced operational problems caused by a number of factors, including the unexpected death of WEEC’s founder and Executive Director, poor management of funds, and economic and political unrest in Kenya. Together, these factors produced a situation where Kiva is unable to get a 100% clear account of your specific loan and recover your full loan amount from WEEC.

To learn more, please visit:

www.kiva.org/about/aboutPartner?id=6

We hope you realize that this outcome is an exception to the norm when lending at Kiva and that you’ll give lending another chance. If you have any questions, please let us know and thanks again for your ongoing support.

Sincerely,

Shelby Clark

Kiva Staff


Posted by Shelby Clark from Muranga, Kenya
Jun 5, 2008
Comments (82)

Kiva Help Repayment Schedule for Jane Njeri Njuguna

  Expected Repayments Actual Repayments Comments
July 2007 $60.00 $0.00 Repayment Received
August 2007 $60.00 $120.00 Repayment Received
September 2007 $60.00 $60.00 Repayment Received
October 2007 $60.00 $60.00 Repayment Received
November 2007 $60.00 $60.00 Repayment Received
December 2007 $60.00 $0.00 Delinquent
January 2008 $60.00 $0.00 Delinquent
February 2008 $60.00 $0.00 Delinquent
March 2008 $60.00 $0.00 Delinquent
April 2008 $60.00 $0.00 Delinquent