Deborah Cobbinah


Status: Paying Back - Delinquent

$425.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Deborah Cobbinah
Location: Elmina, Ghana
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $425.00
Loan Use: To buy more bananas and other rubber products for sale
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 26, 2009
Date Disbursed: May 29, 2009
Date Funded:May 27, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4687 GHS = 1 USD



Deborah Cobbinah is married with three children and has received schooling through junior high school. Deborah sells rubber products such as rubber bags and plastic bowls, and ripe fruits such as banana in Duakyenim. She has been in this business since 2008. Her husband is a fisherman whose income from fishing is insufficient to meet the family expenses. Deborah will use the loan to purchase more bananas and other rubber products for sale. Deborah plans to save and reinvest the new profits earned from her expanded 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.

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Lenders to this entrepreneur

Nicole & Hiren
www.kivafriends.org, Ohio
United States

Tjarda
De Meern,
Netherlands

Anonymous

Chris
Randolph, NJ
United States

Frederico
Lisboa, Lisboa
Portugal

Kim

Lee Zalben
New York, NY
United States

Nor & Sylvia
Oceanside, CA
United States

Raymond
Br,
Norway

Anonymous
Laufenburg,
Germany

Jakob
Risskov,
Denmark

Astrid
Den Haag, Zuid Holland
Netherlands

Val & Derek
Thornton, Colorado
United States

Jason
Northridge, CA
United States

Edmund
Cheras, Kuala Lumpur
Malaysia



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Journal entries for Deborah Cobbinah


Loan has been disbursed
 
Entrepreneur: Deborah Cobbinah
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Deborah Cobbinah 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 Elmina, Ghana
May 29, 2009
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Kiva Help Repayment Schedule for Deborah Cobbinah

  Expected Repayments Actual Repayments Comments
September 2009 $70.83 $70.83 Repayment Received
October 2009 $70.83 $0.00 Delinquent
November 2009 $70.83 $0.00 Delinquent
December 2009 $70.83 Available Dec 1  
January 2010 $70.83 Available Jan 1  
February 2010 $70.85 Available Feb 1