Adizatu Yakubu


Status: Paying Back - Delinquent

$550.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Adizatu Yakubu
Location: Cape Coast, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $550.00
Loan Use: Adizatu will use the loan to purchase more provisions to fill her store.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jun 25, 2009
Date Disbursed: Jun 18, 2009
Date Funded:Jun 28, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.5066 GHS = 1 USD



Adizatu Yakubu is married and has five dependents. She has received schooling through junior high. Adizatu sells provisions at Ashante Road in Cape Coast, something she has done since 1989 but on a smaller scale. Her husband is a commercial driver.

Adizatu uses her income to pay for school fees, utility bills and clothing for her children and other expenses. Adizatu will use the loan to purchase more provisions to fill her store. With the new profits from her expanded business, Adizatu plans to support her husband in saving towards a house they plan to build for the family so that they can stop paying rent and also have enough rooms for their large family.



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 Adizatu Yakubu


Loan has been disbursed
 
Entrepreneur: Adizatu Yakubu
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Adizatu Yakubu 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 Cape Coast, Ghana
Jun 29, 2009
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Kiva Help Repayment Schedule for Adizatu Yakubu

  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