Naomi Mensah


Status: Paid Back

$1,025.00   Loan Request
$1,025.00   Paid Back

About the Entrepreneur

Name: Naomi Mensah
Location: Cape Coast, Ghana
Activity: Sewing

About the Loan

Loan Amount: $1,025.00
Loan Use: As additional capital to expand her business.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 13, 2008
Date Disbursed: Apr 27, 2008
Date Funded:Apr 13, 2008
Loan Ended:Jan 20, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9950 GHS = 1 USD



Naomi Mensah is a seamstress and a trader. She sells lining and clothing materials. She is married and has 2 children. Business is doing well and she is helping her husband meet the financial needs of the family. She wishes to improve upon her business but she has financial limitations.

She is requesting $1025 as additional capital to 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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Lenders to this entrepreneur

Michael
Kansas City, MO
United States

Christian
AVRILLY,
France

Kay
Columbia, MD KivaFriends.org
United States

Chantal
Huntsville, TX
United States

Rebecca
Gainesville, FL
United States

Anonymous
Williamsport, MD
United States

Jackie
Ballwin, MO
United States

Christian
Washington, DC
United States

Hanne
Trondheim, Norway
Norway

Kent
Irvine, CA
United States

Angela
Des Moines, IA
United States

Anonymous
Houston, TX
United States

Karel
Gorinchem,
Netherlands

Brendan
Newfoundland
Canada

Nancy L
Westford, MA
United States

Steve
Sacramento, CA
United States

TERESA
lisboa, portugal
Portugal

PAT
Tucson, Arizona
United States

andrew
Decatur, GA
United States

Joe & Kay
los alamos, NM
United States

Kim
Parsippany, NJ
United States

Glenda
www.kivafriends.org, Madison, WI
United States

DJ

UVA Comm Block 6
Charlottesville, VA
United States

GAfC UBC
Vancouver, BC
Canada



Journal entries for Naomi Mensah


Loan has been disbursed
 
Entrepreneur: Naomi Mensah
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Naomi Mensah 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
Apr 28, 2008
Comment on this entry

Journal Update
 
Entrepreneur: Naomi Mensah
Location: Cape Coast, Ghana

Naomi has been in business for nine years as a seamstress. She used her last Kiva loan to purchase sewing materials and lining for dresses. Currently, the local economy is not doing so well, so Naomi hasn’t yet seen her profits increase. She has had no trouble paying back the loan, however, and hopes that once people begin spending again, her revenues will rise. Naomi has two children, one of whom is in school. Naomi helps pay for the school fees with her profits from the business. She looks forward to taking out another, larger loan in order to further expand her operation.


Posted by Sarah Allen from Cape Coast, Ghana
Jun 13, 2008
Comments (1)

Kiva Help Repayment Schedule for Naomi Mensah

  Expected Repayments Actual Repayments Comments
July 2008 $146.43 $147.00 Repayment Received
August 2008 $146.43 $147.00 Repayment Received
September 2008 $146.43 $147.00 Repayment Received
October 2008 $146.43 $147.00 Repayment Received
November 2008 $146.43 $147.00 Repayment Received
December 2008 $146.43 $144.00 Repayment Received
January 2009 $146.42 $146.02 Repayment Received
March 2009 $0.00 ($0.02)