Yaw Opare
Status: Paying Back - Delinquent
| $350.00 | Loan Amount |
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0% repaid
About the Entrepreneur
| Name: | Yaw Opare |
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| Location: | Hohoe, Ghana |
| Activity: | Movie Tapes & DVDs |
About the Loan
| Loan Amount: | $350.00 |
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| Loan Use: | To buy more of the current foreign movies and 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 28, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2431 |
| Total Loans: | $1,056,275 |
| Delinquency Rate: | 55.55% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
|---|---|
| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4799 GHS = 1 USD |
Yaw Opare is single with no dependent. He has received schooling through senior high.
Yaw sells and rents compact disks and video cassettes at Bla in Hohoe. Yaw will use the loan to buy more of the current foreign movies to sell. With the new profits from his expanded business, Yaw plans to reinvest.
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.
Yaw sells and rents compact disks and video cassettes at Bla in Hohoe. Yaw will use the loan to buy more of the current foreign movies to sell. With the new profits from his expanded business, Yaw plans to reinvest.
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 Yaw Opare
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Loan has been disbursed
Location: Hohoe, Ghana
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Posted by
from Hohoe, Ghana
Jun 29, 2009 |
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Comment on this entry
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Repayment Schedule for Yaw Opare
Repayment Schedule for Yaw Opare
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| 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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