Japheth Munubi

Thank you for your loan. It has been disbursed to Japheth Munubi 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.

Apart from Japeth’s usual business of selling sausages to commuters, he has also got the computer bought from his Kiva loan. Japeth wanted to get a computer due to the difficulties facing his sausage stall, which is mostly harassment from city councilors who are trying to get rid of hawkers in Nairobi. Also, that business is not reliable and can often be slow, and does not bring in much money, Japeth brings in about Ksh 300 per day from selling sausages (About $.60).Since he sells his food outdoors, if the weather is bad as it is now in the winter months, things can get difficult for Japeth. So he realized he needed to diversify, and with his new computer Japeth can expand on his existing computer cafe.

Interesting fairy tale, or is it a fairy tale?

Japheth Munubi from Kayole requested a loan of USD 1200 with which to buy a computer, printer, and a scanner, and once he got his loan, he purchased a printer and scanner first, as he awaited for his computer to be assembled. The assembling took sometime, since the company he approached to sell these to him was in the process of ordering for some parts, which took some time to arrive. He has however managed to get his equipment now, and over the past month, he has been learning how to do the computer work himself, though it may still take him some time to master the art of graphics design and type setting perfectly.

Japheth, being the enterprising Kenyan that he is, is also running a sausage business on the side, which is probably what was reported during the previous journal posting, hence brought about the question of the fairy tale. However, we from ANK wish to confirm that we have assisted him to buy the equipment, and we have also been at his business. Once the photo that was taken has been processed and scanned, then that will be sent to the lenders as proof of his business. Thank you for the question and concern over the business.

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