Frida Kabura Kuria


Status: Ended with Loss - Defaulted

$600.00   Loan Request
$80.00   Paid Back

About the Entrepreneur

Name: Frida Kabura Kuria
Location: Muranga, Kenya
Activity: Farming

About the Loan

Loan Amount: $600.00
Loan Use: Frida would like to buy a dairy cow
Repayment Term: 18 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 29, 2007
Date Disbursed: May 14, 2007
Date Funded:Apr 30, 2007

About the Country

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



Frida Kabura Kuria is 69 years old. She is married with seven children; all of whom are self reliant. She is an active member of Gitui Smart women group and of Gitui Catholic Church. Her main occupation is farming at Gitui Village. She grows nappier grass, arrow roots, macadamia nut trees and coffee. Farming is her main source of income. She has applied a loan of USD600 with which she intends to buy a diary cow. She is willing to repay this loan within a period of 15 months.


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Journal entries for Frida Kabura Kuria


Loan has been disbursed
 
Entrepreneur: Frida Kabura Kuria
Location: Muranga, Kenya

Thank you for your loan. It has been disbursed to Frida Kabura Kuria by Women`s Economic Empowerment Consort in Kenya. We are excited to watch this business grow. Over the next 15 - 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 Muranga, Kenya
May 14, 2007
Comment on this entry

WEEC loan default
 
Entrepreneur: Frida Kabura Kuria
Location: Muranga, 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 Muranga, Kenya
Jun 5, 2008
Comments (82)

Kiva Help Repayment Schedule for Frida Kabura Kuria

  Expected Repayments Actual Repayments Comments
August 2007 $40.00 $40.00 Repayment Received
September 2007 $40.00 $40.00 Repayment Received
October 2007 $40.00 $0.00 Delinquent
November 2007 $40.00 $0.00 Delinquent
December 2007 $40.00 $0.00 Delinquent
January 2008 $40.00 $0.00 Delinquent
February 2008 $40.00 $0.00 Delinquent
March 2008 $40.00 $0.00 Delinquent
April 2008 $40.00 $0.00 Delinquent
May 2008 $40.00 $0.00 Delinquent
June 2008 $40.00 $0.00 Delinquent
July 2008 $40.00 $0.00 Delinquent
August 2008 $40.00 $0.00 Delinquent
September 2008 $40.00 $0.00 Delinquent
October 2008 $40.00 $0.00 Delinquent