Kweku Adaboe
Status: Paying Back - Delinquent
| $425.00 | Loan Amount |
|---|
About the Entrepreneur
| Name: | Kweku Adaboe |
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| Location: | Elmina, Ghana |
| Activity: | Fish Selling |
About the Loan
| Loan Amount: | $425.00 |
|---|---|
| Loan Use: | To purchase fish in large quantity and increase his stock of soft drinks. |
| 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 28, 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 |
Kweku Adaboe is married and has four dependents. Kweku did not receive any formal education. He has sold fresh fish and variety of soft drinks in Elmina since 1994. His wife is a petty trader. Kweku uses his income to paying for utilities, such as water and electricity.
Kweku will use this loan to purchase fish in large quantity for resale and also to increase his stock of soft drinks for sale. With the new profits from his expanded business, Kweku plans to save to buy a truck.
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 Kweku Adaboe
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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 Kweku Adaboe
Repayment Schedule for Kweku Adaboe
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| 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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