Norah Moraa


Status: Paying Back

$350.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Norah Moraa
Location: Kibera Slums, Nairobi, Kenya
Activity: Cereals

About the Loan

Loan Amount: $350.00
Loan Use: To buy stock and a scale
Repayment Term: 14 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Nov 23, 2008
Date Disbursed: Dec 11, 2008
Date Funded:Nov 24, 2008

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:76.1000 KES = 1 USD



Norah Moraa is a 50-year-old woman who is separated from her husband and has four grown children, ages 32, 29, 28 and 21. She lives within the Kibera slums of Nairobi. Apart from her family she also takes care of her two granddaughters from her second-born daughter.

In 2002 Norah started her own business of selling vegetables. She started saving a little money until she managed to build fifteen rooms, which she rents to tenants. Norah gave one room to her first son and another to her third-born daughter. She felt that she needed to operate a much bigger business, so she decided to open a cereals shop. She bought cereals with the rent she collected from the tenants.

Because she was not spared during the post-election violence that occurred early this year, looters managed to clean out her shop and the stock that she had together, including the scale for weighing cereals. Now that things have started getting back to normal, Norah wants to continue with her business, but she feels she is unable to do that without support. She is now requesting a loan of Ksh 25,000 so that she can purchase another scale and also buy stock of cereals. She believes that this stock will play a major part in her business income. She also says that customers normally flock to her shop, especially during weekends and holidays. She will repay her loan within a term of twelve months


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Lenders to this entrepreneur

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Kivafriends worldwide!,

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inUse
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Journal entries for Norah Moraa


Loan has been disbursed
 
Entrepreneur: Norah Moraa
Location: Kibera Slums, Nairobi, Kenya

Thank you for your loan. It has been disbursed to Norah Moraa 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 Kibera Slums, Nairobi, Kenya
Dec 11, 2008
Comment on this entry

Update on Your Loan to an Action Now: Kenya Borrower
 
Entrepreneur: Norah Moraa
Location: Kibera Slums, 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)

Kiva Help Repayment Schedule for Norah Moraa

  Expected Repayments Actual Repayments Comments
December 2009 $0.00 $2.74  
February 2010 $350.00 Available Feb 1