Richard Marere

Thank you for your loan. It has been disbursed to Richard Marere by Action Now: Kenya in Kenya. We are excited to watch this business grow. Over the next 12 - 18 months, Action Now: Kenya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Richard runs a very busy garage on the outskirts of Kibera, full of cars being repaired.. However, Richard did not purchase the spray painting machine with his loan, instead he got a piece of equipment for his generator. This generator has become a vital part of his business being able to run smoothly and successfully, since the electricity supply in the slums is so unreliable, Richard is now free to run his business even when the power is cut off. The generator keeps the business going, and is a rare and lucky item to have in the slums. This helps Richard with his monthly profit of between Ksh 8,000- Ksh 25,000 (About $123 -$380, depends on how many orders he receives in a month) Richard is an extremely chatty and amiable man, and is very happy with his loan, as it will have such a positive impact on his business.

Richard runs a very busy garage on the outskirts of Kibera, full of cars being repaired.. However, Richard did not purchase the spray painting machine with his loan, instead he got a piece of equipment for his generator. This generator has become a vital part of his business being able to run smoothly and successfully, since the electricity supply in the slums is so unreliable, Richard is now free to run his business even when the power is cut off. The generator keeps the business going, and is a rare and lucky item to have in the slums. This helps Richard with his monthly profit of between Ksh 8,000- Ksh 25,000 (About $123 -$380, depends on how many orders he receives in a month) Richard is an extremely chatty and amiable man, and is very happy with his loan, as it will have such a positive impact on his business.

Richard runs a very busy garage on the outskirts of Kibera, full of cars being repaired and spray-painted. However, Richard did not purchase the spray painting machine with his loan, instead he got a piece of equipment for his generator. This generator has become a vital part of his business being able to run smoothly and successfully, since the electricity supply in the slums is so unreliable, Richard is now free to run his business even when the power is cut off. The generator keeps the business going, and is a rare and lucky item to have in the slums. This helps Richard with his monthly profit of between Ksh 8,000- Ksh 25,000 (About $123 -$380, depends on how many orders he receives in a month) Richard is an extremely chatty and amiable man, and is very happy with his loan, as it will have such a positive impact on his business.

Richard runs a very busy garage on the outskirts of Kibera, full of cars being repaired and spray-painted. However, Richard did not purchase the spray painting machine with his loan, instead he got a piece of equipment for his generator. This generator has become a vital part of his business being able to run smoothly and successfully, since the electricity supply in the slums is so unreliable, Richard is now free to run his business even when the power is cut off. The generator keeps the business going, and is a rare and lucky item to have in the slums. This helps Richard with his monthly profit of between Ksh 8,000- Ksh 25,000 (About $123 -$380, depends on how many orders he receives in a month) Richard is an extremely chatty and amiable man, and is very happy with his loan, as it will have such a positive impact on his business.

Richard Mareres garage at kibera was completly razed down together with four cars belonging to his customers, to make matters worse his wifes stall at Toi market was looted and then burned down.The wife used to suppliment her house-hold with the small profit she got ,now the family is penniless and they dont know wher to go or wher to start from.Marere is so stressed-up that he has developed stomach ulcers since he doesnt know what he did to deserve all this.

ANK was forced to take drastic measures on Richard after he failed to pay his loan. ANK Confiscated a vehicle spraying machine which later was sold to another mechanic though it could not raise the full amount that it costed but we are yet to recover the full amount. After the post election violence we learned how his garage was torched and client’s cars torched. We at ANK wish him the best in his future endeavors.

On behalf of ANK staff.

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