Charity Leeyio

Status: Ended with Loss - Defaulted

$300.00		Loan Request
$150.00		Paid Back

About the Entrepreneur

Name:	Charity Leeyio
Location:	Isinya, Kenya
Activity:	Arts

About the Loan

Loan Amount:	$300.00
Loan Use:	Charity would like to buy different varieties of bead materials for her beadwork business.
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Apr 3, 2007
Date Disbursed:	Apr 17, 2007
Date Funded:	Apr 3, 2007

About the Field Partner

Field Partner:

Women`s Economic Empowerment Consort (WEEC)

Field Partner Risk Rating:

(Learn more)

Closed

44 months

1147

$472,185

N/A - No Paying Back Loans

Default Rate:

38.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

Charity is married with four children; three are in primary school and one is in secondary school. She is educated to zero level and worships at the Presbyterian Church of East Africa. Charity is an active member of the Namunyak Womens Group. She started her business of beadwork in 2003 with the help of her husband. She later joined the Namunyak Womens Group and has really benefitted from small WEEC loans. Since she joined WEEC, she has been able to stock her business with a variety of beads. Her husband has been supportive and they have been able to work as a team. Small loans from WEEC have empowered her and she has no regrets about taking a loan. She has been able to build a better house and feels that there is a lot to be done with her business. Her main customers are from the town of Kajiado, which is her residential area. If given a loan of US $450, Charity wants to expand her business by extending her sales in Nairobi and Mombasa, increasing her stock, and selling to tourists. She is willing to repay her loan on monthly basis.

Lenders to this entrepreneur

Anonymous

Lois & Joe
Rochester, MN
United States

Angela
New York, NY
United States

Dorrit E. Nelson
Yorktown Heights, NY
United States

Byrd
Basking Ridge, NJ
United States

Juergen

Kas
San Francisco, CA
United States

Lawrence
Columbia, MD
United States

June
Sun City, CA
United States

Dave
Lake Forest Park, WA
United States

Anonymous
westminster, CA
United States

Dana
San Francisco, CA
United States

Journal entries for Charity Leeyio

Loan has been disbursed Entrepreneur: Charity Leeyio Location: Isinya, Kenya Thank you for your loan. It has been disbursed to Charity Leeyio 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 Isinya, Kenya Apr 18, 2007
Comment on this entry

WEEC loan default Entrepreneur: Charity Leeyio Location: Isinya, 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 Isinya, Kenya Jun 5, 2008
Comments (82)

Repayment Schedule for Charity Leeyio

Show Advanced

	Expected Repayments	Actual Repayments	Comments
July 2007	$30.00	$0.00	Repayment Received
August 2007	$30.00	$60.00	Repayment Received
September 2007	$30.00	$30.00	Repayment Received
October 2007	$30.00	$30.00	Repayment Received
November 2007	$30.00	$30.00	Repayment Received
December 2007	$30.00	$0.00	Delinquent
January 2008	$30.00	$0.00	Delinquent
February 2008	$30.00	$0.00	Delinquent
March 2008	$30.00	$0.00	Delinquent
April 2008	$30.00	$0.00	Delinquent