Moses Dadzie


Status: Paying Back - Delinquent

$775.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Moses Dadzie
Location: Siwdo, Ghana
Activity: Spare Parts

About the Loan

Loan Amount: $775.00
Loan Use: Car spare parts for resale
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



Moses Dadzie is married and has no children. He has received schooling through junior high. Moses sells car spare parts at Siwdo near Cape Coast, which he has done since 2004. His wife is a nurse. Moses uses his income to pay bills.


Moses will use the loan as additional capital to enable him increase the sale of car spare parts to meet the increase in demand by his customers. He plans to reinvest his new profits back into the business for the expansion of his trade.



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.


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Journal entries for Moses Dadzie


Loan has been disbursed
 
Entrepreneur: Moses Dadzie
Location: Siwdo, Ghana

Thank you for your loan. It has been disbursed to Moses Dadzie 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
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Kiva Help Repayment Schedule for Moses Dadzie

  Expected Repayments Actual Repayments Comments
August 2009 $129.16 $129.16 Repayment Received
September 2009 $129.16 $129.16 Repayment Received
October 2009 $129.16 $0.00 Delinquent
November 2009 $129.16 $0.00 Delinquent
December 2009 $129.16 Available Dec 1  
January 2010 $129.20 Available Jan 1