Moses Alkana

Status: Paying Back - Delinquent

$700.00		Loan Amount

0% repaid

About the Entrepreneur

Name:	Moses Alkana
Location:	Tena Estate, Kenya
Activity:	Computers

About the Loan

Loan Amount:	$700.00
Loan Use:	Purchase a binding machine, laminating machine, and stock
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Oct 22, 2008
Date Disbursed:	Nov 5, 2008
Date Funded:	Oct 22, 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:	74.0000 KES = 1 USD

Moses Alkana is a 32 year-old married man with two children, aged 1 and 3 years old. He lives in Tena Estate in the outskirts of Nairobi town. Apart from his immediate family, he also has his sister-in-law who depends on him. Moses started doing business in 2003 while working with a company called Sanganyi Investment, where he was an accountant. After quitting his job, he used his savings of Ksh. 90,000 and the skills he had to purchase a computer accessories shop (Warsan Shop) for Ksh. 50,000. Because he used some stock he had to purchase the shop, he was in a position to start running the business immediately. But now business is not running smoothly because he doesn't have some of the machines his business needs.

Moses says that his business needs a binding and laminating machine and additional stock. The machines would cost Ksh 107,500. He now requests Kiva lenders to assist him with a loan of Ksh 70,000 ($700.00), so that he can boost his business. He believes that with this equipment he will be more able to satisfy his customers' needs. He also says that most of his customers who come to photocopy their documents also need them bound. Because he lacks a binding machine, he only offers photocopying services and sends his customers to another shop to complete their work. If Moses had this machine, he would be able to generate additional income. The same case applies to lamination because the laminating machine he bought from the shop owner was old and has since broken. He also believes that if he gets this equipment his customers will have their services catered to without any inconveniences. He is willing to repay back his loan within a term of 12 months.

Lenders to this entrepreneur

Arlene
Washington, DC
United States

Anonymous
Europe, Europe

Andy
Philadelphia, PA
United States

Mark Agwonah Memorial
Kivafriends worldwide!,

Ralph
League City, TX
United States

Emilia
Burnaby, British Columbia
Canada

Sean
New York, NY
United States

Steven
Virginia Beach, VA
United States

Chris
Dallas, TX
United States

Tijn

Andy
New York, NY
United States

SCHC
Powell River, British Columbia
Canada

The Greens
Mississauga, Ontario
Canada

Sarah
New York, NY
United States

Nathan
Brooklyn, NY
United States

Paula
Portland, OR
United States

H.Toni
Endicott, NY
United States

Christopher
Jenison, MI
United States

Mary
san clemente, CA
United States

Josh
Lawrence, KS
United States

Sarah
Kentwood, MI
United States

Marisa
Beverly Hills, CA
United States

Chuck & Nancy
Richland, WA
United States

David
Edmond, Oklahoma
United States

andrew
San Francisco, CA
United States

Ian
Marlow, Buckinghamshire
United Kingdom

Top Lending Teams for this entrepreneur

Team Europe
Local Area
1245 Members

KivaFriends.org
Common Interest
957 Members

Mississauga Kids
Local Area
5 Members

Calvin Kiva
Colleges/Universities
43 Members

New York
Local Area
323 Members

Journal entries for Moses Alkana

Loan has been disbursed Entrepreneur: Moses Alkana Location: Tena Estate, Kenya Thank you for your loan. It has been disbursed to Moses Alkana 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 Tena Estate, Kenya Nov 6, 2008
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Moses Alkana Location: Tena Estate, 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 Moses Alkana

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$58.33	$0.00	Delinquent
March 2009	$58.33	$0.00	Delinquent
April 2009	$58.33	$0.00	Delinquent
May 2009	$58.33	$0.00	Delinquent
June 2009	$58.33	$0.00	Delinquent
July 2009	$58.33	$0.00	Delinquent
August 2009	$58.33	$0.00	Delinquent
September 2009	$58.33	$0.00	Delinquent
October 2009	$58.33	$0.00	Delinquent
November 2009	$58.33	$0.00	Delinquent
December 2009	$58.33	$5.48
January 2010	$58.37	Available Jan 1