Justice Cleland
Status: Paying Back - Delinquent
| $550.00 | Loan Amount |
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16% repaid
About the Entrepreneur
| Name: | Justice Cleland |
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| Location: | Elmina, Ghana |
| Activity: | Electrical Goods |
About the Loan
| Loan Amount: | $550.00 |
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| Loan Use: | His loan will be used to purchase electrical wires and other goods. |
| 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: | 2427 |
| Total Loans: | $1,054,875 |
| Delinquency Rate: | 55.72% |
| 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 |
Justice Cleland is a trader who deals in electrical parts at Elmina. Justice has received a senior high school education. He is single and has no children. Justice has been selling electrical parts since 2006. He is responsible for paying light and water bills. His loan will be used to purchase electrical wires and other goods to sell. He hopes to use the new profits to expand the 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 Justice Cleland
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Loan has been disbursed
Location: Elmina, Ghana
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Posted by
from Elmina, Ghana
May 21, 2009 |
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Comment on this entry
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Repayment Schedule for Justice Cleland
Repayment Schedule for Justice Cleland
| 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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