Mark Ofori


Status: Paying Back - Delinquent

$825.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Mark Ofori
Location: Hohoe, Ghana
Activity: Furniture Making

About the Loan

Loan Amount: $825.00
Loan Use: To buy more timber for making furniture to sell
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 20, 2009
Date Disbursed: Jun 12, 2009
Date Funded:Jun 20, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4872 GHS = 1 USD



Mark Ofori is a carpenter by profession and makes and sells room furniture at Hohoe. He has received a senior high school education. He is married and has five dependents and is responsible for paying electricity bills and school fees.

Mark has been selling furniture since 2003. His loan will be used to buy more timber for making furniture for resale. He hopes to use the new profits from his business to reinvest to expand his 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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Journal entries for Mark Ofori


Loan has been disbursed
 
Entrepreneur: Mark Ofori
Location: Hohoe, Ghana

Thank you for your loan. It has been disbursed to Mark Ofori 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 Hohoe, Ghana
Jun 21, 2009
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Kiva Help Repayment Schedule for Mark Ofori

  Expected Repayments Actual Repayments Comments
October 2009 $137.50 $0.00 Delinquent
November 2009 $137.50 $0.00 Delinquent
December 2009 $137.50 Available Dec 1  
January 2010 $137.50 Available Jan 1  
February 2010 $137.50 Available Feb 1  
March 2010 $137.50 Available Mar 1