Comfort Eshun


Status: Paying Back - Delinquent

$550.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Comfort Eshun
Location: Cape Coast, Ghana
Activity: Bakery

About the Loan

Loan Amount: $550.00
Loan Use: To purchase ingredients for bread
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 1, 2009
Date Disbursed: Jun 26, 2009
Date Funded:Jul 1, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4840 GHS = 1 USD



Comfort Eshun sells bread. She uses flour, sugar, margarine, and other ingredients to prepare it. She does this business at Kormantse near Cape Coast. Comfort has received education through the primary school level. She is married and has four children. Her husband is a fisherman. Comfort has been selling bread since 2005. She is responsible for feeding her family and paying her children’s school fees. Her loan will be used to purchase more flour, margarine, sugar and so on, to bake more bread for sale. She hopes to use the new profits from her business to take care of her children.



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 Comfort Eshun


Loan has been disbursed
 
Entrepreneur: Comfort Eshun
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Comfort Eshun 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
Jul 2, 2009
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Kiva Help Repayment Schedule for Comfort Eshun

  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