Pious Annan


Status: Paying Back - Delinquent

$350.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Pious Annan
Location: Cape Coast, Ghana
Activity: Photography

About the Loan

Loan Amount: $350.00
Loan Use: Additional batteries, film, glasses, envelopes, and frames
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



Pious Annan is married with 3 children and has received an education through junior high school. Since 2000, Pious has worked as a photographer selling pictures at Moree near Cape Coast. While Pious is employed as a photographer, his wife works as a baker. Pious uses his income to pay for utilities and his children’s school fees. He will use the loan to purchase additional batteries, film, glasses, envelopes, and frames, which will enhance his work. With the new profits from his expanded business, Pious plans to invest in farming and housing projects.



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 Pious Annan


Loan has been disbursed
 
Entrepreneur: Pious Annan
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Pious Annan 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 Pious Annan

  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