Cecilia Arthur


Status: Paying Back - Delinquent

$425.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Cecilia Arthur
Location: Elmina, Ghana
Activity: Jewelry

About the Loan

Loan Amount: $425.00
Loan Use: To purchase more earrings, necklaces and rings to sell
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 29, 2009
Date Disbursed: Apr 29, 2009
Date Funded:Apr 29, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4340 GHS = 1 USD



Cecilia Arthur is married with two children and is educated to junior high school level. Since 2006 she has worked as a trader selling jewelry at Ankwanda near Elmina, while her husband works as a teacher. Cecilia uses her income to provide her family’s housekeeping money and, occasionally, to pay her children’s school fees. She will use her loan to purchase more earrings, necklaces and rings for resale. With the new profits from her expanded business, Cecilia plans to use some for her children's education and some to build a family home.





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 Cecilia Arthur


Loan has been disbursed
 
Entrepreneur: Cecilia Arthur
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Cecilia Arthur 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 30, 2009
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Kiva Help Repayment Schedule for Cecilia Arthur

  Expected Repayments Actual Repayments Comments
August 2009 $70.83 $70.83 Repayment Received
September 2009 $70.83 $70.83 Repayment Received
October 2009 $70.83 $0.00 Delinquent
November 2009 $70.83 $0.00 Delinquent
December 2009 $70.83 Available Dec 1  
January 2010 $70.85 Available Jan 1