Esi Nkrumah


Status: Paying Back - Delinquent

$675.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Esi Nkrumah
Location: Cape Coast, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $675.00
Loan Use: To purchase more groceries
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 5, 2009

About the Country

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



Esi Nkrumah is married to a commercial driver and has three children. She has received no formal education. Since 1999 Esi has sold provisions such as milk, Milo, sugar, soap and rice, at Kormantse, near Cape Coast. She uses her income to feed her family and pay her children’s school fees. Esi will use her loan to purchase more groceries to fill her grocery store. With the new profits from her expanded business, she plans 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 Esi Nkrumah


Loan has been disbursed
 
Entrepreneur: Esi Nkrumah
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Esi Nkrumah 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 6, 2009
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Kiva Help Repayment Schedule for Esi Nkrumah

  Expected Repayments Actual Repayments Comments
October 2009 $112.50 $0.00 Delinquent
November 2009 $112.50 $0.00 Delinquent
December 2009 $112.50 Available Dec 1  
January 2010 $112.50 Available Jan 1  
February 2010 $112.50 Available Feb 1  
March 2010 $112.50 Available Mar 1