Stephen Mawunya
Status: Paying Back - Delinquent
| $550.00 | Loan Amount |
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0% repaid
About the Entrepreneur
| Name: | Stephen Mawunya |
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| Location: | Hohoe, Ghana |
| Activity: | Grocery Store |
About the Loan
| Loan Amount: | $550.00 |
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| Loan Use: | To buy more provisions, sugar and bags of rice to sell |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 13, 2009 |
| Date Disbursed: | Jul 28, 2009 |
| Date Funded: | Aug 14, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2431 |
| Total Loans: | $1,056,275 |
| Delinquency Rate: | 55.55% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4686 GHS = 1 USD |
Stephen Mawunya sells provisions, bags of rice and sugar in Kwamikrom. Stephen has received schooling through junior high. He is married and has two children. His wife is a trader.
Stephen has been selling provision since 1997. He is responsible for the financial needs of the entire family. His loan will be used to buy more provisions, sugar and bags of rice to sell. He will reinvest the new profits from his expanded 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.
Stephen has been selling provision since 1997. He is responsible for the financial needs of the entire family. His loan will be used to buy more provisions, sugar and bags of rice to sell. He will reinvest the new profits from his expanded 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 Stephen Mawunya
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Loan has been disbursed
Location: Hohoe, Ghana
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Posted by
from Hohoe, Ghana
Aug 15, 2009 |
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Comment on this entry
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Repayment Schedule for Stephen Mawunya
Repayment Schedule for Stephen Mawunya
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $91.66 | $0.00 |  Delinquent
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| December 2009 | $91.67 | Available Dec 1 | |||
| January 2010 | $91.66 | Available Jan 1 | |||
| February 2010 | $91.67 | Available Feb 1 | |||
| March 2010 | $91.66 | Available Mar 1 | |||
| April 2010 | $91.68 | Available Apr 1 | |||
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