Matthew Aidoo
Status: Paying Back - Delinquent
| $425.00 | Loan Amount |
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16% repaid
About the Entrepreneur
| Name: | Matthew Aidoo |
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| Location: | Elmina, Ghana |
| Activity: | Fuel/Firewood |
About the Loan
| Loan Amount: | $425.00 |
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| Loan Use: | To buy more wood and firewood. |
| 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 Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2431 |
| Total Loans: | $1,056,275 |
| Delinquency Rate: | 55.55% |
| 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: | 1.4687 GHS = 1 USD |
Matthew Aidoo is married and has five dependents. He received schooling through senior high school and has been selling wood and firewood in Terterim since 2003. His wife is a fishmonger.
Matthew will use this loan to buy more wood and firewood in large quantity for resale. With the new profits from his expanded business, Matthew plans to save and build.
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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7032 Members
Journal entries for Matthew Aidoo
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Loan has been disbursed
Location: Elmina, Ghana
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Posted by
from Elmina, Ghana
May 29, 2009 |
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Comment on this entry
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Repayment Schedule for Matthew Aidoo
Repayment Schedule for Matthew Aidoo
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $70.83 | $70.83 |  Repayment Received
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| October 2009 | $70.83 | $0.00 |  Delinquent
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| November 2009 | $70.83 | $0.00 | Delinquent
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| December 2009 | $70.83 | Available Dec 1 | |||
| January 2010 | $70.83 | Available Jan 1 | |||
| February 2010 | $70.85 | Available Feb 1 | |||
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