Mohammed Ramatu
Status: Paying Back - Delinquent
| $350.00 | Loan Amount |
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0% repaid
About the Entrepreneur
| Name: | Mohammed Ramatu |
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| Location: | Hohoe, Ghana |
| Activity: | Beauty Salon |
About the Loan
| Loan Amount: | $350.00 |
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| Loan Use: | To buy a hair dryer and hair products |
| 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 Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2430 |
| Total Loans: | $1,055,925 |
| Delinquency Rate: | 55.59% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4899 GHS = 1 USD |
Mohammed Ramatu is a young hairdresser and sells Hair Products such as hair creams, wigs and hair pomade in Hohoe. Mohammed has received a junior high education. She is single and has no dependants. She is responsible for paying her utility bills, and feeding and clothing herself. With the increase in Ramatu's customer base, her loan will be used to buy a hair dryer and hair products to attain to the customers. She hopes to save the new profits from 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.
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 Mohammed Ramatu
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Loan has been disbursed
Location: Hohoe, Ghana
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Posted by
from Hohoe, Ghana
Jun 25, 2009 |
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Comment on this entry
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Repayment Schedule for Mohammed Ramatu
Repayment Schedule for Mohammed Ramatu
| Expected Repayments | Actual Repayments | Comments | |||
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| October 2009 | $58.33 | $0.00 |  Delinquent
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| November 2009 | $58.33 | $0.00 | Delinquent
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| December 2009 | $58.33 | Available Dec 1 | |||
| January 2010 | $58.33 | Available Jan 1 | |||
| February 2010 | $58.33 | Available Feb 1 | |||
| March 2010 | $58.35 | Available Mar 1 | |||
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