Sospeter Ndungu Njambi
Status: Paying Back - Delinquent
| $275.00 | Loan Amount |
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About the Entrepreneur
| Name: | Sospeter Ndungu Njambi |
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| Location: | Nairobi West, Kenya |
| Activity: | Phone Repair |
About the Loan
| Loan Amount: | $275.00 |
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| Loan Use: | Purchase mobile phone accessories |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 1, 2008 |
| Date Disbursed: | Nov 15, 2008 |
| Date Funded: | Nov 1, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | Action Now: Kenya (ANK) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Paused |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 214 |
| Total Loans: | $127,300 |
| Delinquency Rate: | 55.14% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Kenya |
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| Avg Annual Income: | $1,445.00 |
| Currency: | Kenya Shillings (KES) |
| Exchange Rate: | 74.0000 KES = 1 USD |
After college he started borrowing tools from some of his friends in existing phone repair businesses. His friends were generous to him. With these tools he repaired phones and saved enough money to enable him to acquire his own tools. These tools consisted of screw drivers, a soldering kit, and testers. With these tools and his skills, he started Mteto Mobile Repair. After working for awhile, he saved enough money to enable him to also start selling mobile phone accessories. The accessories include mobile phone chargers, scratch cards, and new phone lines. As a result, Sospeter changed his business name to Mteto Mobile Repair and Accessories.
Sospeter sees a great opportunity to further improve his business. He is requesting a loan of Ksh. 20,000 ($275.00) from Kiva lenders. With this loan he will be able to increase his stock of accessories. He says there is a high demand for mobile phone accessories due to the increased number of mobile phone users. He would like to take advantage of this high demand to grow his business. He is optimistic that he will be able to repay the loan within 12 months.
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Journal entries for Sospeter Ndungu Njambi
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Loan has been disbursed
Location: Nairobi West, Kenya
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Posted by
from Nairobi West, Kenya
Nov 16, 2008 |
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Comment on this entry
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Update on Your Loan to an Action Now: Kenya Borrower
Location: Nairobi West, Kenya
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Posted by
Benjamin Elberger, Kiva Staff, from San Francisco, United States
Apr 2, 2009 |
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Comments (21)
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Repayment Schedule for Sospeter Ndungu Njambi
Repayment Schedule for Sospeter Ndungu Njambi
| Expected Repayments | Actual Repayments | Comments | |||
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| February 2009 | $22.92 | $0.00 |  Delinquent
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| March 2009 | $22.92 | $0.00 | Delinquent
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| April 2009 | $22.92 | $0.00 | Delinquent
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| May 2009 | $22.92 | $0.00 | Delinquent
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| June 2009 | $22.92 | $0.00 | Delinquent
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| July 2009 | $22.92 | $0.00 | Delinquent
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| August 2009 | $22.92 | $0.00 | Delinquent
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| September 2009 | $22.92 | $0.00 | Delinquent
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| October 2009 | $22.92 | $0.00 | Delinquent
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| November 2009 | $22.92 | $0.00 | Delinquent
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| December 2009 | $22.92 | $2.15 | |||
| January 2010 | $22.88 | Available Jan 1 | |||
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