Tuesday, September 30, 2008

WHERE'S JOHNSTONE???

On June 29, 2007, we loaned money to Johnstone Kuria Mgangira of Kenya to expand his stationery business. Johnstone made repayments faithfully each month until civil unrest broke out in Kenya earlier this year. Since then, the agency he works through in Kenya hasn't heard from him.

I hope he's okay. If he is still alive out there somewhere, I hope the money we loaned him is somehow helping him get by.

At this point, I'm considering this loan closed. We were repayed almost the full amount ($114.58 of $125.00) but the payments have stopped since the outbreak of unrest in Kenya. I don't care about the rest of the money.

Let's hope he's okay, and let's celebrate Johnstone, just as we do all the other entrepreneurs we assist.

LOAN INFORMATION:
Loan Use: To increase his stock of stationary
Loan Total: $300.00 / WPMF portion: $125.00
Date Funded: June 29, 2007

From the application: Johnstone is a 32-year-old father of one. He is a Kenyan who for the past 13 years has sold stationery supplies, including calculators, bibles, chalk, markers, and pens. He has been successful in growing his business to a wholesale level in which he sells directly to bookshops in Tororo and Nbale, eastern Uganda. Selling directly to businesses on order has been a much more profitable endeavor for his enterprise, and he hopes to grow his inventory to better serve his clients.