Martina Obeng


Status: Paying Back - Delinquent

$800.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Martina Obeng
Location: Siwdo, Ghana
Activity: Sewing

About the Loan

Loan Amount: $800.00
Loan Use: Her loan will be used to buy sewing materials to sell.
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:1.5003 GHS = 1 USD



Martina Obeng is a seamstress in Kotokoraba in Cape Coast. She also sells sewing materials. Martina has received a vocational education. She is married and has three children. Her husband is a trader. Martina has been sewing and selling sewing materials since 1998. She is responsible for paying school fees. Her loan will be used to buy sewing materials to sell. She hopes to reinvest her new profits in her business.



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 Martina Obeng


Loan has been disbursed
 
Entrepreneur: Martina Obeng
Location: Siwdo, Ghana

Thank you for your loan. It has been disbursed to Martina Obeng 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 Siwdo, Ghana
Jul 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Martina Obeng

  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