Both hours picked the same entrepreneur to invest in -
Zachariah Mathenge Wambugu from the Malaba - Teso District in Kenya!
http://www.kiva.org/app.php?page=businesses&action=about&id=49921&_tpos=1&_tpg=1
Zachariah Mathenge Wambugu from the Malaba - Teso District in Kenya!
http://www.kiva.org/app.php?page=businesses&action=about&id=49921&_tpos=1&_tpg=1
He owns a business where he makes pots and pans out of melting down car parts. He asked for a loan of $1200, and each class loaned $25 each. He did have a loan through Kiva before and paid it back, even when Kenyan politics were creating problems in the country. He wants to buy materials in bulk so he can increase his production.
The loan period is for 6 months.
The site did warn that because of the political issues in Kenya, there might be default. Both classes plowed ahead anyway!
**Update: As of 11:10 AM on Thurs May 29th, he had already received full funding for his loan! I'm so glad we paid for it immediately!**
