Elizabeth Amuzu


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Elizabeth Amuzu
Location: Cape Coast, Ghana
Activity: Cosmetics Sales

About the Loan

Loan Amount: $525.00
Loan Use: As additional source of funding to invest in her trade.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 1, 2008
Date Disbursed: Mar 16, 2008
Date Funded:Mar 2, 2008
Loan Ended:Oct 18, 2008

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9687 GHS = 1 USD



Elizabeth Amuzu is a trader who prefers to walk to her customers and sell her goods to them. She sells cosmetics and babywear. She is married to a driver and has 2 children.
She wants to increase her sales so as to increase her income.

She is requesting a loan of $525 as an addition source of funding to invest in her trade.



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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Lenders to this entrepreneur

Fredric
Unionville, VA
United States

Kay
Columbia, MD KivaFriends.org
United States

Vernon
San Diego, Ca
United States

Henrique & Family
Estoril, Lisboa
Portugal

Leah
San Antonio, TX
United States

Anonymous
Garland, TX
United States

Melissa
Santa Clara, CA
United States

Alan
Victoria, British Columbia
Canada

Keara & Claire
Menlo Park, CA
United States

Anonymous

Nicole
Richmond Hill, Ontario
Canada

Jim & Laura
Topeka, KS
United States

Fred
Santa Fe, NM
United States

PAUL
Kamloops, British Columbia
Canada

Melanie
North Carolina
United States

Brett
Austin, TX
United States

Lothar
Frankfurt,
Germany

Bruce
South Orange, NJ
United States



Journal entries for Elizabeth Amuzu


Loan has been disbursed
 
Entrepreneur: Elizabeth Amuzu
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Elizabeth Amuzu 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 16, 2008
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Journal Update
 
Entrepreneur: Elizabeth Amuzu
Location: Cape Coast, Ghana

Elizabeth is 25 years old and has two children, ages four and six. She lives in Kwesipa where she sells a variety of goods including eggs, oranges, and baby products. She has been in this business for three years now and she loves it. With her first loan from CRAN, she purchased additional inventory. Without the loan, she would not have been able to expand her business. After taking out the loan, Elizabeth saw her profits increase from 10 cedis ($10) per month to 20-25 cedis per month. She puts some of her income towards rent and saves the rest for the purpose of reinvesting in her business.

Elizabeth believes that the loan had a number of positive effects on her life aside from helping her expand the business. The increased profit reduced the financial pressure in her household. In addition, the loan gave her an accomplishment to feel proud of and gave her more control over her income.


Posted by Sarah Allen from Cape Coast, Ghana
Jul 2, 2008
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Kiva Help Repayment Schedule for Elizabeth Amuzu

  Expected Repayments Actual Repayments Comments
June 2008 $75.00 $75.00 Repayment Received
July 2008 $75.00 $75.00 Repayment Received
August 2008 $75.00 $75.00 Repayment Received
September 2008 $75.00 $75.00 Repayment Received
October 2008 $75.00 $75.00 Repayment Received
November 2008 $75.00 $75.00 Repayment Received
December 2008 $75.00 $75.00 Repayment Received