Rachel Muthoni

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

We visited Rachael’s business on the 20th November 2008 but she wasn’t present. We were told by her helper that the business was progressing well. We requested the worker to inform Rachael that the ANK members were there and that she can visit us in the office so that we can know more on her plans for 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

After continuing non-payment to Kiva, all active Action Now: Kenya loans have now been defaulted. Kiva will continue to pursue recovery of funds on these loans and apply funds proportionally to lenders if and as funds are received. However, Kiva staff have judged the likelihood of recovery on these loans to be sufficiently low such as to update the loan status of these loans to “defaulted”.

For further details on this default, please see Action Now: Kenya’s Field Partner page: < href="http://www.kiva.org/about/aboutPartner?id=36">http://www.kiva.org/about/aboutPartner?id=36.