Rita Yamoah


Status: Paying Back - Delinquent

$350.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Rita Yamoah
Location: Elmina, Ghana
Activity: General Store

About the Loan

Loan Amount: $350.00
Loan Use: To buy more charcoal, gari, and oil for resale.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 27, 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



Rita Yamoah is divorced and has two children. She received schooling through junior high school and has been selling charcoal, gari, and red oil in Elmina since 2006. As a single parent, Rita uses all her income to pay for the children's school fees and the family's utilities bill.



Rita will use this loan to buy more charcoal, gari, and oil for resale. With the new profits from her expanded business, Rita plans to save more for the children's education.





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

Pomerleau Family
Gibsonia, PA
United States

Anonymous

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

Kirsten
Koeln,
Germany

Sarah
Athens, GA
United States

Claudia
Kehl,
Germany

Philip
Århus,
Denmark

Marilyn
Rocky Ford, CO
United States

Jakob
Risskov,
Denmark

Mark
Beverly Hills, CA
United States

Andrew
Kingston, Ontario
Canada



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Journal entries for Rita Yamoah


Loan has been disbursed
 
Entrepreneur: Rita Yamoah
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Rita Yamoah 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 Rita Yamoah

  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