Mark Agwonah Fund -- history and status

[Guest]

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[DianeCharlie]

This thread is being created from posts in the original discussion thread, but will be closed for comments and made "sticky" so it's easy to find.  We will post here the ongoing results of the fundraising and lending, and keep track of relevant links here.  If you want to comment on lending choices for the Fund, please discuss on the Mark Agwonah Fund discussion thread.  Thanks to Oli ("wind5001") who got the fund started so quickly and smoothly.


This thread is to capture the history and status of the Mark Agwonah Fund, set up in his memory.  Its goal is to lend to entrepreneurs in Kenya, and to youth and youth-related matters when possible.

To learn more about Mark and why this Fund was set up, check out: http://www.kiva.org/app.php?page=businesses&action=about&id=10175

You can find the Kiva.org lending group at: http://www.kiva.org/lender/markagwonahmemoria3530

Discussions about lending choices should be held at:  http://www.kivafriends.org/index.php/topic,682.0.html

Discussions about Mark, efforts to help his mother, and what we might do to publicize or probe the circumstances of his death can be found at: http://www.kivafriends.org/index.php/topic,667.0.html

If you want to contribute to the Fund, send a Kiva gift certificate to: wind5001@yahoo.com or PM wind5001 and DianeCharlie with the certificate number and email; they both administer the Fund.  Any money collected will be considered a donation to ensure that Mark's memory is kept alive, and will be re-loaned after repayment.  Contributions may be made anonymously, just indicate in your email/PM that you would like to stay anonymous.

Thanks for all your support and creative ideas.

Oli and Diane


Proud contributors to the Fund are:
Jill
Diane and Charlie
Matthew
Margaret
Glenda
Julia
Joe
Oli
Kay
Laurie and Odel
Robert
Ramon
Elizabeth
(anonymous)
Eli and Sven

Current balance in Kiva Credit:  $25
Number of loans made:  32

Number of loans now active:  29
Number of loans raised but not disbursed:  0
Number of loans refunded:  2
Number of loans repaid:  1

[DianeCharlie]

Rose Juma Mafuno is in the business of selling dried fish (Omena: sardines) and kerosene.  She is looking for $100 to buy more supplies, to increase the time between trips to her suppliers and thereby reduce transportation costs.  She hopes to open a store one day.



Rose Juma Mafuno
Location:  Lunao, Bungoma -, Kenya
Business Name:    None
Activity:  Retail
Loan Requested:  $100.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  12 months - repaid monthly
Loan Use:  Buy more fish and kerosene to sell
MFI: People Microcredit Investment Bureau (PEMCI)

Loan Disbursed:  Aug. 14, 2007

[DianeCharlie]

(LOAN NEVER DISBURSED, REFUNDED FEB. 6, 2008.  See note in loan listing for details.)


Mary Kahinga has a retail shop in Kangema.  She is looking for $300 to restock her store with household items.



Mary Kahinga
Location:  Kangema, Kenya
Business Name:    W. Njau Njau
Activity:  General Store
Loan Requested:  $300.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  12 months - repaid monthly
Loan Use:  Mary would like to buy household items for her retail shop
MFI:  Women`s Economic Empowerment Consort

Loan Refunded:  Feb. 6, 2008

[DianeCharlie]

(LOAN NEVER DISBURSED, REFUNDED NOV. 27, 2007.  See note in loan listing for details.)

Charity Wanjiku Nyambura is a seamstress in Kiambu, who sews school uniforms and women's clothing.  She is looking for $750 to purchase textile supplies and ready-made clothing.



Charity Wanjiku Nyambura
Location:  Kiambu, Kenya
Business Name:    Wanjiku Nyambura
Activity:  Seamstress
Loan Requested:  $750.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  12 months - repaid monthly
Loan Use:  Charity would like to buy ready-made clothes and textile materials
MFI:  Women`s Economic Empowerment Consort

Loan Refunded:  Nov. 27, 2007

[DianeCharlie]

Fredrice Nzioka Kilonzo runs a "hotel" or small restaurant in Nakuru.  While he has competition, he wants to differentiate his "hotel" and care for his aging parents. He is looking for $300 to purchase dishes and foodstuffs, and employ an assitant.



Fredrice Nzioka Kilonzo
Location:  Nakuru, Kenya
Business Name:    Fredrice Nzioka Kilonzo
Activity:  Restaurant
Loan Requested:  $300.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  22 months - repaid monthly
Loan Use:  Expand his hotel business
MFI:  Ebony Foundation (Eb-F)

Loan Disbursed:  Aug. 15, 2007

[DianeCharlie]

 
Eliud Njuguna Nduta is a young entreprenuer in Nakuru who sells milk produced on local dairy farms.  He wants to avoid waste and spoilage, and improve the professional quality of his business, by purchasing a milk refrigerator for overnight storage and containers in which to sell the milk.  He is looking for $550 for these purchases.



Eliud Njuguna Nduta
Location:  Nakuru, Kenya
Business Name:    Eliud Njuguna Nduta
Activity:  Milk Sales
Loan Requested:  $550.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  22 months - repaid monthly
Loan Use:  To expand his milk selling business
MFI:  Ebony Foundation (Eb-F)

Loan Disbursed:  Aug. 16, 2007

[DianeCharlie]

 
Susan Muthoni Ng'ang'a is a young single mother in Nairobi who makes and sells fruit and yogurt products.  She wants to improve her business by purchasing a freezer, fruit supplies, and containers for selling her product.  She is looking for $700 for her purchases.  She hopes to fund her children's education and someday afford land and a house with her profits, and is part of a "solidarity lending" group whose members support each other in repaying their individual loans.



Susan Muthoni Ng'ang'a
Location:  Nairobi, Kenya
Business Name:    Susan Muthoni Ng'ang'a
Activity:  Food Production/Sales
Loan Requested:  $700.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  22 months - repaid monthly
Loan Use:  Expand her fruit-selling business
MFI:  Ebony Foundation (Eb-F)

Loan Disbursed:  Aug. 16, 2007

[DianeCharlie]

 
William Awande Were provides telephone services in the Kawangware slums of Nairobi.  He has been in this business for three years and finds himself sometimes "running out of airtime" for his customers.  He is looking for $1,000 to purchase blocks of air time, add phone accessories, and pay for licenses and shop improvements.  He supports his own family, including wife and four children, along with five dependents of a deceased relative.



William Awande Were
Location:  Nairobi, Kenya
Business Name:    William Awande Were
Activity:  Services
Loan Requested:  $1,000.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  22 months - repaid monthly
Loan Use:  To expand his telephone services
MFI:  Ebony Foundation (Eb-F)

Loan Disbursed:  Aug. 22, 2007

[DianeCharlie]

 
Kennedy Macharia is a young man who owns and operates a cyber cafe in Nairobi. He offers telephony and printing services, in addition to Internet time, and has provided services to the Action Now: Kenya offices.  He is trained in information technology, and lives with his parents and two siblings.  He is requesting $250 to purchase a colo(u)r printer to add to his equipment.



Kennedy Macharia
Location:  Kenyatta Market, Nairobi, Kenya
Business Name:    Cyber Spot
Activity:  Computers
Loan Requested:  $250.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  6 months - repaid monthly
Loan Use:  To purchase a colour printer
MFI:  Action Now: Kenya

Loan Disbursed:  Sep. 23, 2007

Journal entry received, Nov. 9, 2007

[DianeCharlie]

This loan was repaid in full on Dec. 10, 2007, many months early, due to family difficulties.  Please see the Journal Entry in this listing for details.

Simon Maragua runs a timber sales business.  He is newly married and supports his wife and both elderly parents.  He has worked in the lumber trade since 2000 and started his own business in 2003.  His business suffered financially last year due to the time and financial requirements of his tribal marriage customs.  He is requesting $1,000 to purchase lumber for resale in his retail business and return his business to prosperity.



Simon Maragua
Location:  Ruai, Nairobi, Kenya
Business Name:    Simon Maragua
Activity:  Timber Sales
Loan Requested:  $1,000.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  12 months - repaid monthly
Loan Use:  To purchase lumber for sale
MFI:  Action Now: Kenya

Loan Disbursed:  Sep. 21, 2007

Journal entry received, Dec. 10, 2007

Loan Repaid:  Dec.10, 2007