Mark Agwonah Fund -- history and status

[Guest]

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[Diane R]

We have received FIVE journal entries/updates on businesses the Fund has loaned to!  I have added "Journal entry received" banners and links at the bottom of each loan in the portfolio which has such journals and will continue this practice as we receive more.  Be sure to go back and read them: things are going well.

--Diane.

[Diane R]

   
Florence Chepkemoi owns a private minivan known as a "matatu" which is a common means of transportation in Kenya.  Her matatu operates on the popular Kitengela-Nairobi route.  The engine on her matatu needs an overhaul to continue working, and she was unable to secure a loan from any banks, causing her so much stress she became ill.  At a friend's suggestion she turned to AN:K.  She cares for her own family, her deceased sister's son, and her elderly parents.  She is requesting $1,200 to purchase parts for her matatu overhaul.



Florence Chepkemoi
Location:  Kitengela, Athi River, Kenya
Activity:  Transportation
Loan Requested:  $1,200.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  12 months - repaid monthly
Loan Use:  To purchase engine parts for a matatu (small bus)
MFI:  Action Now: Kenya

Loan Disbursed:  Dec. 16, 2007

[Diane R]

   
Sera Matukho is a graduate of Kenyatta Medical Training Center who has started the Imani Medical Clinic with her husband who is a doctor.  They handle medical emergencies, labor and delivery, and routine health care in a busy area along a well-traveled highway.  She is requesting $1,175 to purchase medications, bandages, and other supplies needed to keep the clinic functioning at top efficiency so they can save many more lives.



Sera Matukho
Location:  Mlolongo settlement, Kenya
Business Name:  Imani Medical clinic & Chemist
Activity:  Medical Clinic
Loan Requested:  $1,175.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  10 months - repaid monthly
Loan Use:  To purchases an assortment of drugs including syrups, tablets and injectables
MFI:  Action Now: Kenya

Loan Disbursed:  Dec. 16, 2007

[Diane R]

   
Susan Kinuthia started an all-purpose general store using savings she had amassed from her earlier work picking tea.  In addition to her own family, Susan cares for two children which her sister left in her care, and her aging diabetic mother.  She is requesting $1,025 to purchase supplies to restock her store.



Susan Kinuthia
Location:  Kitengela, Athi River, Kenya
Activity:  General Store
Loan Requested:  $1,025.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  12 months - repaid monthly
Loan Use:  To purchase stock for a general shop including footwear, batteries, cell phones, scratch cards, and a TV set.
MFI:  Action Now: Kenya

Loan Disbursed:  Dec. 17, 2007

[Diane R]

   
Louise Njambi Ndung'u has operated a small general shop for over 20 years now.  She and her husband care for their own children, Louise's elderly mother, and 3 young children left orphans after her brother and his wife passed away last year.  Louise is requesting $800 to purchase stock for the store, to diversify her offerings and take advantage of bulk purchasing.



Louise Njambi Ndung'u
Location:  South C. Nairobi,, Kenya
Business Name:  Mutetu Kiosk
Activity:  General Store
Loan Requested:  $800.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  10 months - repaid monthly
Loan Use:  To purchase assorted stock for a general store, including maize and wheat flour, rice, sugar, snacks, sodas, detergents, and cooking oil
MFI:  Action Now: Kenya

Loan Disbursed:  Dec. 26, 2007

[Diane R]

All right, then!  Starting the new year off with a bang, I have spent the last couple hours editing this thread to include all the updates in Journals, loans, and disbursements for the past three weeks, and have updated the loan spreadsheet I started a while ago.

Mark Agwonah Memorial Fund loan spreadsheet

I shall probably at some point convert to using the excellent spreadsheet Christopher put together using the Export data directly from the Kiva account, at which time I shall replace my labor of love with something a bit less manual.

Please browse through this thread from time to time and read the Journal entries on the Fund's entrepreneurs (I add a link to each entry whenever there is a Journal update): things are going very well for most of our borrowers (with the exception of Simon Maragua who repaid his loan early after some difficult circumstances, and Mary Kahinga whose W.E.E.C. loan is still not disbursed since July 31, 2007), and I hope you're all following their progress.  Please consider commenting on Journal entries, to congratulate the borrowers and thank the MFI representatives who provide such wonderful updates!

Here's to a prosperous new year ahead.

--Diane.

[Diane R]

   
Abigail Mwongeli has operated several beauty salons in various areas for the last few years.  Her current salon is very popular and she trains and hires young girls in her area but demand is still out-stripping her facilities.  She is requesting a $725 loan to purchase 2 more dryers, 6 seats, and supplies to expand her salon.  She is young and unmarried but provides for her parents as well as herself.



Abigail Mwongeli
Location:   Makadara, Nairobi, Kenya
Business Name:  Unique Salon
Activity:  Beauty Salon
Loan Requested:  $725.00  (Mark Agwonah Fund contributed $25)
Repayment Term:  12 months - repaid monthly
Loan Use:  Purchase of two hair-driers, six seats, and an assortment of hair chemicals, oils and braids
MFI:  Action Now: Kenya

[Diane R]

Hello everyone -- please note that it became too great a manual task to keep track here of every loan made by the Fund, so to review the loans currently in the Fund portfolio, visit the Mark Agwonah Memorial Fund lender page:

http://www.kiva.org/lender/markagwonahmemoria3530

Thank you for your continued interest and support as we continue to honor Mark's legacy.