Celestina Quainoo


Status: Paying Back - Delinquent

$800.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Celestina Quainoo
Location: Cape Coast, Ghana
Activity: Home Products Sales

About the Loan

Loan Amount: $800.00
Loan Use: To purchase more goods, including silverware and cooking utensils for resale.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jun 25, 2009
Date Disbursed: Jun 26, 2009
Date Funded:Jun 29, 2009

About the Country

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



Celestina Quainoo is married and has one child. She has received schooling through junior high. Celestina sells silverware and other cooking utensils at Zion in Cape Coast, which she has done since 1999. Her husband is a trader.

Celestina uses her income to pay for her child's school fees, clothing, utility bills and other family expenses. Celestina will use the loan to purchase more goods, including silverware and cooking utensils for resale. With the new profit from her expanded business, Celestina plans to support her husband in saving towards a house they want to build for the 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 Celestina Quainoo


Loan has been disbursed
 
Entrepreneur: Celestina Quainoo
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Celestina Quainoo 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 30, 2009
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Kiva Help Repayment Schedule for Celestina Quainoo

  Expected Repayments Actual Repayments Comments
October 2009 $133.33 $0.00 Delinquent
November 2009 $133.33 $0.00 Delinquent
December 2009 $133.33 Available Dec 1  
January 2010 $133.33 Available Jan 1  
February 2010 $133.33 Available Feb 1  
March 2010 $133.35 Available Mar 1