Aba Hamidu


Status: Paying Back - Delinquent

$275.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Aba Hamidu
Location: Abura, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $275.00
Loan Use: To buy rice, oil, tomatoes and other ingredients
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 1, 2009
Date Disbursed: May 6, 2009
Date Funded:Jun 1, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4853 GHS = 1 USD



Aba Hamidu is married and has three children. She has not received any formal education. Aba's husband is a trader, but his income is too small to care for the family. Since 2003 Aba has operated a small chop bar in Abura, where she cooks rice and stew. She uses her earnings to pay her children's school fees and to buy food for the family. Aba will use her loan to buy rice, oil, tomatoes and other ingredients so that she can increase the amount of food she cooks and sells. With the new profits from her expanded trade, Aba plans to both reinvest in her business and save in the Susu savings scheme.



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

KIVA Shopping Club #1
KivaFriends.org, Birmingham, AL
United States

Jordana
Conshohocken, PA
United States

Fredric
Unionville, VA
United States

Cookie
Kamloops, British Columbia
Canada

Sally
Anchorage, AK
United States

Anonymous
Anchorage, AK
United States

Nancy
Los Angeles, CA
United States



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Journal entries for Aba Hamidu


Loan has been disbursed
 
Entrepreneur: Aba Hamidu
Location: Abura, Ghana

Thank you for your loan. It has been disbursed to Aba Hamidu 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 Abura, Ghana
Jun 2, 2009
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Kiva Help Repayment Schedule for Aba Hamidu

  Expected Repayments Actual Repayments Comments
September 2009 $45.84 $45.84 Repayment Received
October 2009 $45.84 $0.00 Delinquent
November 2009 $45.84 $0.00 Delinquent
December 2009 $45.84 Available Dec 1  
January 2010 $45.84 Available Jan 1  
February 2010 $45.80 Available Feb 1