Alfred Gavor


Status: Paying Back - Delinquent

$800.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Alfred Gavor
Location: Elmina, Ghana
Activity: Fishing

About the Loan

Loan Amount: $800.00
Loan Use: Alfred will use the loan to buy fishing equipment to enhance his fishing work.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 23, 2009
Date Disbursed: Jul 3, 2009
Date Funded:Jul 24, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.5001 GHS = 1 USD



Alfred Gavor, married with two children, received education through junior high school. A saltwater fisherman since 2006, he sells his catches in Elmina. His wife is a trader. Alfred uses his income to pay bills and other expenses and will use the loan to buy fishing equipment to enhance his fishing work. With the new profits from his expanded business, he plans to reinvest in his enterrprise.



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 Alfred Gavor


Loan has been disbursed
 
Entrepreneur: Alfred Gavor
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Alfred Gavor 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 Elmina, Ghana
Jul 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Alfred Gavor

  Expected Repayments Actual Repayments Comments
November 2009 $133.33 $0.00 Delinquent
December 2009 $133.34 Available Dec 1  
January 2010 $133.33 Available Jan 1  
February 2010 $133.33 Available Feb 1  
March 2010 $133.34 Available Mar 1  
April 2010 $133.33 Available Apr 1