Theresa Konadu


Status: Paid Back

$275.00   Loan Request
$275.00   Paid Back

About the Entrepreneur

Name: Theresa Konadu
Location: Cape Coast, Ghana
Activity: Beauty Salon

About the Loan

Loan Amount: $275.00
Loan Use: To purchase hairdressing products to meet the demand of her customers.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 21, 2008
Date Disbursed: Mar 7, 2008
Date Funded:Feb 22, 2008
Loan Ended:Oct 11, 2008

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9725 GHS = 1 USD



Theresa Konadu is a single hairdresser with one child. She is requesting $275 to purchase hairdressing products so she can meet the demand of her customers.


Theresa is also a member of a lending group called “Wisdom Group”, which consists of 14 members in Cape Coast, Ghana.



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.


Subscribe

Lenders to this entrepreneur

Curtis
Playa del Rey, CA
United States

Jill
San Bruno, CA
United States

Beverly

United States

Bill
Dallas, TX
United States

Karen
Bothell, WA
United States

Cooper's Family
Bellevue, WA
United States

Marcelo e Flavia
São Paulo, RS
Brazil



Journal entries for Theresa Konadu


Loan has been disbursed
 
Entrepreneur: Theresa Konadu
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Theresa Konadu by Christian Rural Aid Network in Ghana. We are excited to watch this business grow. Over the next 7 months, Christian Rural Aid Network will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cape Coast, Ghana
Mar 7, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Theresa Konadu
Location: Cape Coast, Ghana

Theresa is a hairdresser in Cape Coast, Ghana. She used her loan to purchase more wigs to sell. Since she took out the loan she has seen her monthly profits increase, and she is using this new profit to expand her business. She has had no problem repaying her loan, and she looks forward to taking out another when she finishes.


Posted by Abraham Asianuah Akuoko from Cape Coast, Ghana
Jun 11, 2008
Comment on this entry

Kiva Help Repayment Schedule for Theresa Konadu

  Expected Repayments Actual Repayments Comments
June 2008 $39.28 $40.00 Repayment Received
July 2008 $39.28 $40.00 Repayment Received
August 2008 $39.28 $40.00 Repayment Received
September 2008 $39.28 $40.00 Repayment Received
October 2008 $39.28 $40.00 Repayment Received
November 2008 $39.28 $40.00 Repayment Received
December 2008 $39.32 $35.00 Repayment Received