Adjoa Afadua


Status: Paying Back - Delinquent

$350.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Adjoa Afadua
Location: Elmina, Ghana
Activity: Food Market

About the Loan

Loan Amount: $350.00
Loan Use: she plans to use the loan to purchase additional gari and maize for resale.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 20, 2009
Date Disbursed: Apr 8, 2009
Date Funded:Apr 20, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4387 GHS = 1 USD



Adjoa Afadua is married with 5 dependents and has received an education through elementary school. Since 1990 she has worked as a trader in Elmina, selling an assortment of goods such as gari (a couscous-like grain made from grated cassava), maize, and utensils. While Adjoa works as a trader, her husband is employed as a surveyor. Adjoa uses her income to help pay her family’s bills. She plans to use the loan to purchase additional gari and maize for resale. With the new profits from her expanded business, Adjoa plans to continue saving so that eventually she may be able to build a home for her family.



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 Adjoa Afadua


Loan has been disbursed
 
Entrepreneur: Adjoa Afadua
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Adjoa Afadua 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 Elmina, Ghana
Apr 21, 2009
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Kiva Help Repayment Schedule for Adjoa Afadua

  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