Sabina Cornelius


Status: Paying Back - Delinquent

$375.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Sabina Cornelius
Location: Abura, Ghana
Activity: Clothing Sales

About the Loan

Loan Amount: $375.00
Loan Use: To purchase silver sets, material and clothes to sell
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 22, 2009
Date Disbursed: Apr 8, 2009
Date Funded:Apr 22, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4284 GHS = 1 USD



Sabina Cornelius is married and has two children. She has received an education through primary school. Sabina is a trader and teacher; she sells material and clothes at Abura, which she has done since 2003. While Sabina is employed as a trader, her husband works as a nurse. Sabina uses her income to support her family by providing housekeeping money.


Sabina will use the loan to purchase silver sets, material and clothes to sell. With the new profits from her expanded business, Sabina plans to save for school fees.



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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Top Lending Teams for this entrepreneur


Team Guernsey-Lewis
Families
2 Members

York College of Pennsylvania
Colleges/Universities
3 Members

Harambee International
Other
3 Members

DINKS
Common Interest
2 Members

Journal entries for Sabina Cornelius


Loan has been disbursed
 
Entrepreneur: Sabina Cornelius
Location: Abura, Ghana

Thank you for your loan. It has been disbursed to Sabina Cornelius 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 Abura, Ghana
Apr 23, 2009
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Kiva Help Repayment Schedule for Sabina Cornelius

  Expected Repayments Actual Repayments Comments
August 2009 $62.50 $62.50 Repayment Received
September 2009 $62.50 $62.50 Repayment Received
October 2009 $62.50 $0.00 Delinquent
November 2009 $62.50 $0.00 Delinquent
December 2009 $62.50 Available Dec 1  
January 2010 $62.50 Available Jan 1