Fautina Owusu


Status: Refunded

$225.00   Loan Request

About the Entrepreneur

Name: Fautina Owusu
Location: Abura, Ghana
Activity: Used Clothing

About the Loan

Loan Amount: $225.00
Loan Use: As additional capital to buy more clothing for sale
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 14, 2008
Date Disbursed: May 29, 2008
Date Funded:May 15, 2008
Refund Date:May 22, 2008

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9928 GHS = 1 USD



Fautina Owusu sells used clothing. She is married and has 4 children. Her husband is a driver. Business is doing very well, and she wishes to increase sales. She is running out of stock.



She is asking for additional capital to buy more clothing for sale.



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

Jeff
Vienna,
Austria

Amy (and classes)
Shrewsbury, MA
United States

George and Vince
Inglewood, CA
United States

Doug
Los Angeles, CA
United States

Ali
Englewood, CO
United States

Kay
Brookfield, IL
United States

Roy W.
APO, AP

Julien
Le Bouscat,



Journal entries for Fautina Owusu


Loan Refunded
 
Entrepreneur: Fautina Owusu
Location: Abura, Ghana

This loan has been refunded for the following reason:

It has been brought to our notice that this profile was accidentally posted twice on Kiva by our MFI partner. We hope you will use your Kiva Credit to support another deserving micro-entreprenuer. As always, thanks so much for your support.


Posted by Casey Albert from Abura, Ghana
May 22, 2008
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Kiva Help Repayment Schedule for Fautina Owusu

  Expected Repayments Actual Repayments Comments
August 2008 $32.14 $0.00 Repayment Received
September 2008 $32.14 $0.00 Repayment Received
October 2008 $32.14 $0.00 Repayment Received
November 2008 $32.15 $0.00 Repayment Received
December 2008 $32.14 $0.00 Repayment Received
January 2009 $32.14 $0.00 Repayment Received
February 2009 $32.15 $0.00 Repayment Received