Frank Premper


Status: Paying Back - Delinquent

$550.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Frank Premper
Location: Hohoe, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $550.00
Loan Use: To buy more provisions such as milk, Milo, and coffee to sell
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 25, 2009

About the Country

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



Frank Premper is married and has three children. He has received schooling through junior high. His wife is a petty trader with little income. Frank single-handedly uses his income in taking care of the children.

Frank sells assorted provisions in Hohoe. He will use the loan to buy more provisions such as milk, Milo (a milk beverage) and coffee to sell. With the new profits from his expanded business, Frank 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 Frank Premper


Loan has been disbursed
 
Entrepreneur: Frank Premper
Location: Hohoe, Ghana

Thank you for your loan. It has been disbursed to Frank Premper 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 26, 2009
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Kiva Help Repayment Schedule for Frank Premper

  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