Ruth Larbi


Status: Paying Back - Delinquent

$350.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Ruth Larbi
Location: Abura, Ghana
Activity: Clothing Sales

About the Loan

Loan Amount: $350.00
Loan Use: To purchase more clothing for resale.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 22, 2009
Date Disbursed: Jul 3, 2009
Date Funded:Jul 22, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4950 GHS = 1 USD



Ruth Larbi is married and has three children. She has received schooling through vocational school. Ruth has a small store where she sells clothes in Abura. She also keeps some in a big bowl and moves from customer to customer to sell, which she has done since 2004. Her husband is a trader. Ruth uses her income to pay for house-keeping. Ruth will use the loan to purchase more of the goods for resale. With the new profits from her expanded business, Ruth plans to build a house.



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 Ruth Larbi


Loan has been disbursed
 
Entrepreneur: Ruth Larbi
Location: Abura, Ghana

Thank you for your loan. It has been disbursed to Ruth Larbi 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 Abura, Ghana
Jul 23, 2009
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Kiva Help Repayment Schedule for Ruth Larbi

  Expected Repayments Actual Repayments Comments
November 2009 $58.33 $0.00 Delinquent
December 2009 $58.33 Available Dec 1  
January 2010 $58.33 Available Jan 1  
February 2010 $58.33 Available Feb 1  
March 2010 $58.33 Available Mar 1  
April 2010 $58.35 Available Apr 1