John Mbiah
Status: Paying Back - Delinquent
| $550.00 | Loan Amount |
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16% repaid
About the Entrepreneur
| Name: | John Mbiah |
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| Location: | Cape Coast, Ghana |
| Activity: | Fishing |
About the Loan
| Loan Amount: | $550.00 |
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| Loan Use: | To buy lobsters from Tema to fry and sell. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 18, 2009 |
| Date Disbursed: | May 6, 2009 |
| Date Funded: | May 20, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2430 |
| Total Loans: | $1,055,925 |
| Delinquency Rate: | 55.59% |
| 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: | 1.4644 GHS = 1 USD |
John Mbiah sells lobsters in Cape Coast. He is married and has three children. His wife is a trader. John has been transporting and selling lobsters since 2004. He is also a taxi driver. He is responsible for paying for school fees, food, and utilities. He will use this loan to buy lobsters from Tema to fry and sell. He hopes to use the new profits from his business to provide quality education to his children.
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 John Mbiah
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Loan has been disbursed
Location: Cape Coast, Ghana
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Posted by
from Cape Coast, Ghana
May 21, 2009 |
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Comment on this entry
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Repayment Schedule for John Mbiah
Repayment Schedule for John Mbiah
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $91.66 | $91.66 |  Repayment Received
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| October 2009 | $91.66 | $0.00 |  Delinquent
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| November 2009 | $91.66 | $0.00 | Delinquent
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| December 2009 | $91.66 | Available Dec 1 | |||
| January 2010 | $91.66 | Available Jan 1 | |||
| February 2010 | $91.70 | Available Feb 1 | |||
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