George Benasko


Status: Paying Back

$425.00   Loan Amount
0% repaid

About the Entrepreneur

Name: George Benasko
Location: Elmina, Ghana
Activity: Fishing

About the Loan

Loan Amount: $425.00
Loan Use: to purchase a new boat to improve his fishing business
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 21, 2009
Date Disbursed: Aug 10, 2009
Date Funded:Sep 24, 2009

About the Country

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



George Benasko is married and has four children. He has senior high school education. George sells fish and bicycles at the sea shore at Elmina, which he been doing since 2002. His wife is a petty trader.



George uses his income to pay school fees and utility bills. George will use the loan to purchase a new boat to improve his fishing business. With the new profits from his expanded business, George plans to reinvest into his 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 George Benasko


Loan has been disbursed
 
Entrepreneur: George Benasko
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to George Benasko 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
Sep 25, 2009
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Kiva Help Repayment Schedule for George Benasko

  Expected Repayments Actual Repayments Comments
December 2009 $70.83 Available Dec 1  
January 2010 $70.84 Available Jan 1  
February 2010 $70.83 Available Feb 1  
March 2010 $70.83 Available Mar 1  
April 2010 $70.84 Available Apr 1  
May 2010 $70.83 Available May 1