Yaw Adda


Status: Paying Back - Delinquent

$350.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Yaw Adda
Location: Siwdo, Ghana
Activity: Clothing Sales

About the Loan

Loan Amount: $350.00
Loan Use: To increase stock of clothing to sell
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 18, 2009
Date Disbursed: Apr 8, 2009
Date Funded:Apr 18, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4366 GHS = 1 USD



For five years, Yaw Adda has worked as a trader selling beverages and clothing in Siwdo. He is married with four children and received an education through senior high school. His wife also works as a trader in the area. Yaw is responsible for supporting his family by paying school fees, supplying clothing for his children and also paying the family’s bills. He will use this loan to increase the quantity of clothing he sells so as to increase his profit. He hopes to use the new profits from his business to reinvest back into his trade and expand his enterprise.



Important Information About This Loan
Please note that Kiva considers loans to this Field Partner, CRAN, to be particularly HIGH RISK. This organization has had very serious delinquency problems brought about by problems with its credit methodology, local environmental shocks including a depletion of local fisheries in its core area of operation (Cape Coast and the Central Province), and insufficient follow up with late clients. Lenders to this business should be aware that there is an increased risk of not getting repaid on this loan due to the challenges facing the Field Partner.

Subscribe

Lenders to this entrepreneur

Carol
Chattanooga, TN
United States

Jewell
San Francisco, CA
United States

Iram & Tommy
Cambridge, Massachusetts
United States

Greg
Los Angeles, CA
United States

Steve & Mary Ellen
Springfield, IL
United States

Good Dogg
Front Porch, www.kivafriends.org
United States

Dave
Lake Forest Park, WA
United States

Josh
Grover Beach, CA
United States

Tor-Odd
Bergen, Raadal,
Norway

Michael
Woodinville, WA
United States

Sue
Carmel, IN
United States

Renessa
Damascus,
Syrian Arab Republic

Bruce Chou
Oakdale & Los Angeles & San Jose, CA
United States



Top Lending Teams for this entrepreneur


Kiva Christians
Friends
3088 Members

Overlook Capital
Friends
10 Members

Animal Lovers
Common Interest
518 Members

Hjelp andre
Other
5 Members

Poverty2Prosperity.org - Poverty-Escape
Businesses
1663 Members

Journal entries for Yaw Adda


Loan has been disbursed
 
Entrepreneur: Yaw Adda
Location: Siwdo, Ghana

Thank you for your loan. It has been disbursed to Yaw Adda by Christian Rural Aid Network (CRAN) in Ghana. We are excited to watch this business grow. Over the 7 months of this loan, Christian Rural Aid Network (CRAN) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Siwdo, Ghana
Apr 19, 2009
Comment on this entry

Kiva Help Repayment Schedule for Yaw Adda

  Expected Repayments Actual Repayments Comments
August 2009 $58.33 $58.33 Repayment Received
September 2009 $58.33 $58.33 Repayment Received
October 2009 $58.33 $0.00 Delinquent
November 2009 $58.33 $0.00 Delinquent
December 2009 $58.33 Available Dec 1  
January 2010 $58.35 Available Jan 1