Mary Abakah


Status: Paying Back - Delinquent

$225.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Mary Abakah
Location: Shama, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $225.00
Loan Use: To purchase more foodstuffs to cook and resell
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 17, 2009
Date Disbursed: Jun 1, 2009
Date Funded:Jun 17, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4940 GHS = 1 USD



Mary Abakah is married and has four dependents. She did not receive any formal education. Her husband is a casual worker with Ghana Education Service.

Mary is a food vendor who operates a chop bar in Ekuase (locally, "chop" means "eat", so a "chop bar" is a place where you go to eat). Mary sells banku (a food made out of fermented corn cassava dough), fufu (pounded boiled cassava with boiled plantain) and boiled beans and fried ripe plantain, which she has done since 1997.

Mary uses all her income to assist her husband in the housekeeping and other financial commitments. Mary will use the loan to purchase more foodstuffs to cook and resell. With the new profits from her expanded business, Mary plans 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.

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Lenders to this entrepreneur

Lindon 16th Scouts
Lindon, Utah
United States

Hugh & Elizabeth
Missoula, MT
United States

Fredric
Unionville, VA
United States

robert
warwick, new york
United States



Top Lending Teams for this entrepreneur


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Journal entries for Mary Abakah


Loan has been disbursed
 
Entrepreneur: Mary Abakah
Location: Shama, Ghana

Thank you for your loan. It has been disbursed to Mary Abakah by Christian Rural Aid Network (CRAN) in Ghana. We are excited to watch this business grow. Over the 6 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 Shama, Ghana
Jun 18, 2009
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Kiva Help Repayment Schedule for Mary Abakah

  Expected Repayments Actual Repayments Comments
September 2009 $37.50 $37.50 Repayment Received
October 2009 $37.50 $0.00 Delinquent
November 2009 $37.50 $0.00 Delinquent
December 2009 $37.50 Available Dec 1  
January 2010 $37.50 Available Jan 1  
February 2010 $37.50 Available Feb 1