Patrick Baidoo
Status: Paying Back - Delinquent
| $350.00 | Loan Amount |
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16% repaid
About the Entrepreneur
| Name: | Patrick Baidoo |
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| Location: | Cape Coast, Ghana |
| Activity: | Goods Distribution |
About the Loan
| Loan Amount: | $350.00 |
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| Loan Use: | To buy an overlock machine and flour for resale |
| 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 16, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2431 |
| Total Loans: | $1,056,275 |
| Delinquency Rate: | 55.55% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4474 GHS = 1 USD |
Patrick Baidoo has been selling flour in Moree, near Cape Coast, since 2005. He also works as an artist and driver, while his wife is a seamstress. Patrick has received an education through to senior high school. He is responsible for paying the utility bills and feeding his family. Patrick will use his loan to buy an overlock machine and flour for resale. He hopes to use his new profits to expand his business.
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.
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 Patrick Baidoo
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Loan has been disbursed
Location: Cape Coast, Ghana
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Posted by
from Cape Coast, Ghana
May 16, 2009 |
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Comment on this entry
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Repayment Schedule for Patrick Baidoo
Repayment Schedule for Patrick Baidoo
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $58.33 | $58.33 |  Repayment Received
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| October 2009 | $58.33 | $0.00 |  Delinquent
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| November 2009 | $58.33 | $0.00 | Delinquent
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| December 2009 | $58.33 | Available Dec 1 | |||
| January 2010 | $58.33 | Available Jan 1 | |||
| February 2010 | $58.35 | Available Feb 1 | |||
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