Araba Awartwe


Status: Paying Back - Delinquent

$425.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Araba Awartwe
Location: Elmina, Ghana
Activity: Fish Selling

About the Loan

Loan Amount: $425.00
Loan Use: To buy more fresh fish to smoke and sell
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



Araba Awartwe is married and has five dependents. She has received schooling through primary school. Her husband is a fishmonger.

Araba sells smoked fish in small quantities in Elmina, which she has done since 2003. She uses her income to support her husband in paying the children’s school fees.

Araba will use the loan to buy more fresh fish, smoke the fish, and sell it in small quantities. With the new profits from her expanded business, she plans to save and pay the children’s school fees.




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 Araba Awartwe


Loan has been disbursed
 
Entrepreneur: Araba Awartwe
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Araba Awartwe 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 Araba Awartwe

  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