Luke Mule


Status: Paying Back - Delinquent

$1,100.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Luke Mule
Location: Mlolongo Settlement, Kenya
Activity: Metal Shop

About the Loan

Loan Amount: $1,100.00
Loan Use: Purchase welding materials
Repayment Term: 16 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 Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:74.0000 KES = 1 USD



Luke Mule is 27 years old. He is newly married, having tied the knot to his high school sweetheart this year. He lives in Mlolongo town along the Nairobiâ-Mombasa highway.


Luke Mule is a trained welder. He was trained by Mutuku from Masil town in Eastern Province. After the training, Luke came to Mlolongo Town and was employed by a man named Harrison Mutunga for two years.


While employed, he managed to save Ksh 170,000. Now he had both the skills and capital necessary to start his own business. He bought welding tools that included grinders and two welding machines. He then rented part of a shop where he is operating to this date.


As a goodwill gesture to the community, Luke identifies orphans from his rural home of Makueni and trains them free of charge. He trains them so they can be self-reliant, and so they do not feel like they are left out by society. He is currently training two orphans who are nearing the completion of their training, after which they will be employed.


His tools are experiencing some wear and tear due to extended use. Mule wants to buy new tools so that he can serve his customers efficiently. He is requesting Kiva lenders to loan him Ksh 80,000 ($1100.00). With this loan he says he will be able to purchase welding materials like plain sheets, angle lines, flat bars, and square bars. Mule thanks Kiva lenders in advance and promises to repay his loan. The repayment period for this loan is 14 months.


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Lenders to this entrepreneur

Ramona
KivaFriends.org, Berlin
Germany

Kyle & Sarah
Peoria, AZ
United States

LQS Eddie Gough Fund
St Brelade, Jersey CI
United Kingdom

alexander
erlangen,
Germany

Mark Agwonah Memorial
Kivafriends worldwide!,

Michel
Brest, Bretagne
France

Kay
Columbia, MD KivaFriends.org
United States

Jerald
Los Angeles, CA
United States

rhonda
Amsterdam, Noord-Holland
Netherlands

Gerard
IJsselstein,
Netherlands

Luther
APO, AE

Diane
Bridport, Dorset
United Kingdom

Tyler
Fort Worth, TX
United States

murray
edmonton, Alberta
Canada

Agents for Home Buyers
Boulder, CO
United States

Joshua
Washington , DC
United States

NumbNut
Goonellabah, NSW
Australia

Jill
Splashdown, WA
United States

Oliver
Zurich,
Switzerland

Dan
Rochester, NY
United States

Carl
Stockholm,
Sweden

Susan & Ross
Heemstede,
Netherlands

David
Santa Barbara, CA
United States

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

CherylS
kivafriends.org, Littleton, NC
United States

Diann
Vallejo, CA
United States

Brian
Fairbanks, AK
United States



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Journal entries for Luke Mule


Loan has been disbursed
 
Entrepreneur: Luke Mule
Location: Mlolongo Settlement, Kenya

Thank you for your loan. It has been disbursed to Luke Mule by Action Now: Kenya (ANK) in Kenya. We are excited to watch this business grow. Over the next 14 months, Action Now: Kenya (ANK) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mlolongo Settlement, Kenya
Nov 16, 2008
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower
 
Entrepreneur: Luke Mule
Location: Mlolongo Settlement, 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)

Kiva Help Repayment Schedule for Luke Mule

  Expected Repayments Actual Repayments Comments
February 2009 $78.57 $0.00 Delinquent
March 2009 $78.57 $0.00 Delinquent
April 2009 $78.57 $0.00 Delinquent
May 2009 $78.57 $0.00 Delinquent
June 2009 $78.57 $0.00 Delinquent
July 2009 $78.57 $0.00 Delinquent
August 2009 $78.57 $0.00 Delinquent
September 2009 $78.57 $0.00 Delinquent
October 2009 $78.57 $0.00 Delinquent
November 2009 $78.57 $0.00 Delinquent
December 2009 $78.57 $8.62  
January 2010 $78.57 Available Jan 1  
February 2010 $78.57 Available Feb 1  
March 2010 $78.59 Available Mar 1