Cecilia Koomson


Status: Paying Back - Delinquent

$350.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Cecilia Koomson
Location: Cape Coast, Ghana
Activity: Construction Supplies

About the Loan

Loan Amount: $350.00
Loan Use: To restock her inventory
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 15, 2009
Date Disbursed: May 6, 2009
Date Funded:May 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4474 GHS = 1 USD



Cecilia Koomson is married, and has three children. She attended school all the way through her Senior year. Cecilia works as a groceries and soft drinks vender, and also specializes in construction items such as cement and slate. She operates her business near Cape Coast, and has done so since 2000. Her husband is employed as a contractor. Cecilia uses her income to pay for the family rent, her children’s school fees, as well as the purchasing of restocking supplies such as soft drink and more groceries.


Cecilia is now requesting a loan in order to expand her business, and continue to support 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 Cecilia Koomson


Loan has been disbursed
 
Entrepreneur: Cecilia Koomson
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Cecilia Koomson 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 Cape Coast, Ghana
May 16, 2009
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Kiva Help Repayment Schedule for Cecilia Koomson

  Expected Repayments Actual Repayments Comments
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 $58.33 Available Jan 1  
February 2010 $58.35 Available Feb 1