Gladys Wanja Karanja

Status: Ended with Loss - Defaulted

$900.00		Loan Request
$180.00		Paid Back

About the Entrepreneur

Name:	Gladys Wanja Karanja
Location:	Kiambu, Kenya
Activity:	Farming

About the Loan

Loan Amount:	$900.00
Loan Use:	Gladys wants to buy bananas, mangoes, oranges, kales, cabbages, spinach and cauliflower.
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Apr 10, 2007
Date Disbursed:	Apr 25, 2007
Date Funded:	Apr 11, 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)

Gladys was born in 1974 in Kiambu, Kenya. She is married with 2 children. One is in lower primary while the other one has not yet started school. She is an active and committed member of Kirangari Wendani Women Group. After finishing high school, she was not able to advance her education due to financial constraints in her family. She joined WEEC in 2001 and since then she has benefited a lot from trainings and small loans. She started a green grocer business with the loans, creating a job opportunity for her husband who was not working. The business has really transformed her family life and she is ever grateful to Kiva. She works as a team with her husband and they have been getting orders from hypermarkets in the country for supplying vegetables and fruits. She feels with a loan of USD 900 it will boost her business and they will be able to meet the orders from the customers. She intends to repay her loan in monthly installments.

Lenders to this entrepreneur

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Michelle
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Sharon
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Dutton/Haggerty Family
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Janice
Toronto, Ontario
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Michael
Philadelphia, PA
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Nicole & Pierre
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Tisha
Ypsilanti, MI
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David
New York, NY
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Dave
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C.C.
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Journal entries for Gladys Wanja Karanja

Loan has been disbursed Entrepreneur: Gladys Wanja Karanja Location: Kiambu, Kenya Thank you for your loan. It has been disbursed to Gladys Wanja Karanja 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 Kiambu, Kenya Apr 25, 2007
Comments (1)

WEEC loan default Entrepreneur: Gladys Wanja Karanja Location: Kiambu, 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 Kiambu, Kenya Jun 5, 2008
Comments (82)

Repayment Schedule for Gladys Wanja Karanja

Show Advanced

	Expected Repayments	Actual Repayments	Comments
July 2007	$90.00	$0.00	Repayment Received
August 2007	$90.00	$180.00	Repayment Received
September 2007	$90.00	$0.00	Delinquent
October 2007	$90.00	$0.00	Delinquent
November 2007	$90.00	$0.00	Delinquent
December 2007	$90.00	$0.00	Delinquent
January 2008	$90.00	$0.00	Delinquent
February 2008	$90.00	$0.00	Delinquent
March 2008	$90.00	$0.00	Delinquent
April 2008	$90.00	$0.00	Delinquent