Mary Nakwa


Status: Paying Back - Delinquent

$500.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Mary Nakwa
Location: Shama, Ghana
Activity: Food Market

About the Loan

Loan Amount: $500.00
Loan Use: To buy maize for resale
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 28, 2009
Date Disbursed: Apr 20, 2009
Date Funded:Apr 28, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4558 GHS = 1 USD



Mary Nakwa is married, has three children and is a graduate of the local junior high school. For the last 10 years, she has worked as a trader, selling maize at a heavily-trafficked area known as Shama Junction. She uses her income to help pay for her family’s expenses, mostly school fees. She has applied for a loan to buy maize to sell to her customers, and will use the increased income made possible by this loan to expand her business and support her children's education.



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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Lenders to this entrepreneur

All Star Kids
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Anonymous
Washington, DC
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Rick
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Charles

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Baughman
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Val & Derek
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James
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Elsa
Vancouver, BC
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jim
arlington, VA
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Nicholas
New York, NY
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Susan
West Fork, AR
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Hideki
Seto city, Aichi
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Diego
Cossonay,
Switzerland

Vikki
Woodbridge, NJ
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Journal entries for Mary Nakwa


Loan has been disbursed
 
Entrepreneur: Mary Nakwa
Location: Shama, Ghana

Thank you for your loan. It has been disbursed to Mary Nakwa by Christian Rural Aid Network (CRAN) in Ghana. We are excited to watch this business grow. Over the 6 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 Shama, Ghana
Apr 29, 2009
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Kiva Help Repayment Schedule for Mary Nakwa

  Expected Repayments Actual Repayments Comments
August 2009 $83.34 $83.34 Repayment Received
September 2009 $83.34 $83.34 Repayment Received
October 2009 $83.34 $0.00 Delinquent
November 2009 $83.34 $0.00 Delinquent
December 2009 $83.34 Available Dec 1  
January 2010 $83.30 Available Jan 1