Serwaa Nkrumah


Status: Paying Back

$500.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Serwaa Nkrumah
Location: Elmina, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $500.00
Loan Use: To buy more groceries to sell
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 25, 2009
Date Disbursed: Aug 28, 2009
Date Funded:Sep 28, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4468 GHS = 1 USD



Serwaa Nkrumah sells groceries like Milo (a milk beverage), milk, sugar and soap at Elmina near the new market. She has received senior high education. She is married and has two children. Her husband is a painter.

Serwaa has been selling groceries since 2000. She supports her husband in the payment of school fees and apartment rent. Her loan will be used to buy more groceries to sell. She hopes to use the new profits from her business to buy more groceries to sell.

She is currently out of stock and hopes to get the loan to restock her grocery shop.




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 Serwaa Nkrumah


Loan has been disbursed
 
Entrepreneur: Serwaa Nkrumah
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Serwaa Nkrumah 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 Elmina, Ghana
Sep 29, 2009
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Kiva Help Repayment Schedule for Serwaa Nkrumah

  Expected Repayments Actual Repayments Comments
December 2009 $83.34 Available Dec 1  
January 2010 $83.33 Available Jan 1  
February 2010 $83.34 Available Feb 1  
March 2010 $83.33 Available Mar 1  
April 2010 $83.34 Available Apr 1  
May 2010 $83.32 Available May 1