Nancy Kipkeu

Status: Paying Back - Delinquent

$275.00		Loan Amount

0% repaid

About the Entrepreneur

Name:	Nancy Kipkeu
Location:	Kariobangi South, Nairobi, Kenya
Activity:	Tailoring

About the Loan

Loan Amount:	$275.00
Loan Use:	Purchase sewing machine and accessories
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

Nancy is 31 years old, she is married, and has four children, including a niece she takes care of. Her parents, who live in their rural home, also look to her for support. Nancy lives in Kariobangi South, an informal settlement in the outskirts of Nairobi, where she runs a tailoring business that specializes in dressmaking.

Due to financial hardships, Nancy didn't manage to go to college. Therefore she had no option but to train for a trade in a friend's kiosk. After her training, she approached her husband with the idea of starting up a business. He gave her starting capital of Ksh. 7000, which she used to purchase cloth and other tailoring accessories. She started her business in 2000, which she conducted at home. After accumulating some funds from the business, she rented a stall in 2003. She bought her own sewing machine with some savings, but now she does not have enough money to purchase cloth and other tailoring accessories. She is requesting Kiva lenders to loan her Ksh. 20000 ($275.00) to help her expand her business to better serve her many customers. Nancy has learned to obtain and retain customers and wants to expand her mostly female customer base. The December holidays are around the corner, which is when she does a lot of business. Nancy hopes that the Kiva lenders will provide her the opportunity to achieve her dream. She intends to pay the loan within 12 months.

Lenders to this entrepreneur

Jane
KivaFriends.org, Halifax, NS
Canada

Mark Agwonah Memorial
Kivafriends worldwide!,

Stephanie
Ottawa, Ontario
Canada

SUSAN
DURANGO, CO
United States

Raj & Usha 'G'
Schaumburg, IL
United States

Karen and Gery
KivaFriends.org, Monarch Beach, CA USA
United States

marian
west lafayette, IN
United States

Sarah
New York, NY
United States

UUFM-Micro
Mankato, MN
United States

Sandiip
NUS,
Singapore

ragenia
urbana, IL
United States

Top Lending Teams for this entrepreneur

Unitarian Universalists
Religious Congregations
295 Members

Purdue University
Colleges/Universities
89 Members

KivaFriends.org
Common Interest
957 Members

Crazy Canucks
Local Area
713 Members

Journal entries for Nancy Kipkeu

Loan has been disbursed Entrepreneur: Nancy Kipkeu Location: Kariobangi South, Nairobi, Kenya Thank you for your loan. It has been disbursed to Nancy Kipkeu 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 Kariobangi South, Nairobi, Kenya Nov 6, 2008
Comment on this entry

Pended loan Entrepreneur: Nancy Kipkeu Location: Kariobangi South, Nairobi, Kenya Nancy Kipkeu is one of our revolving fund groups member located at Kariobangi south area in Nairobi. Her profile was posted on the Kiva site by error by one of the intern without the appropriate approval. The reason for pending her loan request was that she was noted not to be very genuine, hence ANK intended to observe her first before her business was posted on the KIVA website, once the error was noted, the business was pended with an intention to return the funds back to the lenders. Parts of the funds have already been returned, through the Kiva auto repay system, and we are preparing to return the rest of the funds. We thank the lenders for supporting this business. On behalf of ANK staff.
Posted by Wilberforce Mulindi from Kariobangi South, Nairobi, Kenya Feb 4, 2009
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower Entrepreneur: Nancy Kipkeu Location: Kariobangi South, 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 Nancy Kipkeu

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$22.92	$0.00	Delinquent
March 2009	$22.92	$0.00	Delinquent
April 2009	$22.92	$0.00	Delinquent
May 2009	$22.92	$0.00	Delinquent
June 2009	$22.92	$0.00	Delinquent
July 2009	$22.92	$0.00	Delinquent
August 2009	$22.92	$0.00	Delinquent
September 2009	$22.92	$0.00	Delinquent
October 2009	$22.92	$0.00	Delinquent
November 2009	$22.92	$0.00	Delinquent
December 2009	$22.92	$2.15
January 2010	$22.88	Available Jan 1