Cynthia Gorman
Status: Paying Back - Delinquent
| $350.00 | Loan Amount |
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16% repaid
About the Entrepreneur
| Name: | Cynthia Gorman |
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| Location: | Abura, Ghana |
| Activity: | Retail |
About the Loan
| Loan Amount: | $350.00 |
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| Loan Use: | To buy more liquid soap to re-sell. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 28, 2009 |
| Date Disbursed: | May 6, 2009 |
| Date Funded: | May 29, 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: | 2430 |
| Total Loans: | $1,055,925 |
| Delinquency Rate: | 55.59% |
| 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: | 1.4853 GHS = 1 USD |
Cynthia Gorman is married and has 2 children. Cynthia has received education through senior high school. Her husband is a driver and Cynthia is a trader who has been selling liquid soap for two years. She is responsible for paying the housekeeping expenses. Her loan will be used to buy more liquid soaps to re-sell. She hopes to use the new profits to reinvest in her 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.
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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Common Interest
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Journal entries for Cynthia Gorman
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Loan has been disbursed
Location: Abura, Ghana
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Posted by
from Abura, Ghana
May 30, 2009 |
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Comment on this entry
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Repayment Schedule for Cynthia Gorman
Repayment Schedule for Cynthia Gorman
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $58.33 | $58.33 |  Repayment Received
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| October 2009 | $58.33 | $0.00 |  Delinquent
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| November 2009 | $58.33 | $0.00 | Delinquent
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| December 2009 | $58.33 | Available Dec 1 | |||
| January 2010 | $58.33 | Available Jan 1 | |||
| February 2010 | $58.35 | Available Feb 1 | |||
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