Mary Kahingakahinga


Status: Ended with Loss - Defaulted

$650.00   Loan Request
$130.00   Paid Back

About the Entrepreneur

Name: Mary Kahingakahinga
Location: Thika Town, Kenya
Activity: Bakery

About the Loan

Loan Amount: $650.00
Loan Use: Expand her retail-cake business by buying more wheat flour and other ingredients.
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 Country

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



Mary is 45 years old and married with five children: two are in secondary school and three are in primary school. She specialises mainly in farming, assisted by her husband, and also in her cake business. She sells her cakes in the supermarkets. The income that she earns helps her to meet school fees and other expenses. She needs a loan of $650 to expand her cake business to distribute more in the supermarkets. The increased income will enable her to repay the loan and meet school fees. She will repay her loan in monthly instalments.


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Journal entries for Mary Kahingakahinga


Loan has been disbursed
 
Entrepreneur: Mary Kahingakahinga
Location: Thika Town, Kenya

Thank you for your loan. It has been disbursed to Mary KahingaKahinga 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 Thika Town, Kenya
Apr 25, 2007
Comment on this entry

WEEC loan default
 
Entrepreneur: Mary Kahingakahinga
Location: Thika Town, 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 Thika Town, Kenya
Jun 5, 2008
Comments (82)

Kiva Help Repayment Schedule for Mary Kahingakahinga

  Expected Repayments Actual Repayments Comments
July 2007 $65.00 $0.00 Repayment Received
August 2007 $65.00 $130.00 Repayment Received
September 2007 $65.00 $0.00 Delinquent
October 2007 $65.00 $0.00 Delinquent
November 2007 $65.00 $0.00 Delinquent
December 2007 $65.00 $0.00 Delinquent
January 2008 $65.00 $0.00 Delinquent
February 2008 $65.00 $0.00 Delinquent
March 2008 $65.00 $0.00 Delinquent
April 2008 $65.00 $0.00 Delinquent