Hannah Gorman


Status: Paying Back

$350.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Hannah Gorman
Location: Cape Coast, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $350.00
Loan Use: Hannah will use the loan to buy more Milo, milk, sugar and so on
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 21, 2009
Date Disbursed: Aug 18, 2009
Date Funded:Sep 22, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4633 GHS = 1 USD



Hannah Gorman is divorced and has four children. She has received schooling through senior high school. Hannah sells groceries at a market in Cape Coast, which she has done since 1989. Hannah uses her income to pay for food for her children, to pay their school fees and also to pay their utility bills.

Hannah will use the loan to buy more Milo milk beverage, milk, sugar and so on to fill her shop with items for sale. With the new profits from her expanded business, Hannah plans to further expand 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 Hannah Gorman


Loan has been disbursed
 
Entrepreneur: Hannah Gorman
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Hannah Gorman 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 Cape Coast, Ghana
Sep 23, 2009
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Kiva Help Repayment Schedule for Hannah Gorman

  Expected Repayments Actual Repayments Comments
December 2009 $58.33 Available Dec 1  
January 2010 $58.33 Available Jan 1  
February 2010 $58.33 Available Feb 1  
March 2010 $58.33 Available Mar 1  
April 2010 $58.34 Available Apr 1  
May 2010 $58.34 Available May 1