Hannah Mensah


Status: Paying Back - Delinquent

$350.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Hannah Mensah
Location: Elmina, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $350.00
Loan Use: Hannah will use the loan to purchase more of the groceries and food stuffs for sale at the market.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 20, 2009
Date Disbursed: Jul 27, 2009
Date Funded:Aug 20, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4716 GHS = 1 USD



Hannah Mensah is married and has three children. She has primary school level background. Hannah sells groceries like milk sugar, Milo and also food stuffs such as plantain, tomatoes and pepper at Bronyinima near Elmina, which been doing since 2002. Her husband is a fisherman. Hannah uses part of her income in running of the home. Hannah will use the loan to purchase more of the groceries and food stuffs for sale at the market. With the new profits from her expanded business, Hannah plans to start a business for her child by buying a commercial car for him to drive.




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 Hannah Mensah


Loan has been disbursed
 
Entrepreneur: Hannah Mensah
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Hannah Mensah by Christian Rural Aid Network (CRAN) in Ghana. We are excited to watch this business grow. Over the 6 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
Aug 21, 2009
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Kiva Help Repayment Schedule for Hannah Mensah

  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 $58.34 Available Mar 1  
April 2010 $58.34 Available Apr 1