Gilbert Shamatey


Status: Paying Back - Delinquent

$550.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Gilbert Shamatey
Location: Hohoe, Ghana
Activity: Manufacturing

About the Loan

Loan Amount: $550.00
Loan Use: To purchase leather to manufacture shoes
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 24, 2009
Date Disbursed: Jun 12, 2009
Date Funded:Jun 24, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4899 GHS = 1 USD



Gilbert Shamatey is a married man with no child yet. He has received schooling through junior high.

Gilbert is a cobbler and also sells hardware in Hohoe. He uses all his income to pay housekeeping expenses. He will use the loan to purchase leather to manufacture shoes. With the new profits from his expanded business, Gilbert plans to save.




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 Gilbert Shamatey


Loan has been disbursed
 
Entrepreneur: Gilbert Shamatey
Location: Hohoe, Ghana

Thank you for your loan. It has been disbursed to Gilbert Shamatey 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 25, 2009
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Kiva Help Repayment Schedule for Gilbert Shamatey

  Expected Repayments Actual Repayments Comments
October 2009 $91.66 $0.00 Delinquent
November 2009 $91.66 $0.00 Delinquent
December 2009 $91.66 Available Dec 1  
January 2010 $91.66 Available Jan 1  
February 2010 $91.66 Available Feb 1  
March 2010 $91.70 Available Mar 1