Grace Davies
Status: Paid Back
| $325.00 | Loan Request | |
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| $325.00 | Paid Back |
About the Entrepreneur
| Name: | Grace Davies |
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| Location: | Elmina, Ghana |
| Activity: | Grocery Store |
About the Loan
| Loan Amount: | $325.00 |
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| Loan Use: | Additional capital to buy more goods to sell in her store |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 2, 2008 |
| Date Disbursed: | Jun 16, 2008 |
| Date Funded: | Jun 2, 2008 |
| Loan Ended: | Feb 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2430 |
| Total Loans: | $1,055,925 |
| Delinquency Rate: | 55.59% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.0300 GHS = 1 USD |
Grace Davies owns a provision store. She is not yet married but has been focused on developing herself. Business is going very well so she wishes to increase sales to improve her income. However, Grace is running out of stock. So she is asking for a loan to buy more goods to sell in her store.
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.
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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May and Jennifer
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Nick
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Yayoi
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Journal entries for Grace Davies
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Loan has been disbursed
Location: Elmina, Ghana
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Posted by
from Elmina, Ghana
Jun 17, 2008 |
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Comment on this entry
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Repayment Schedule for Grace Davies
Repayment Schedule for Grace Davies
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2008 | $46.43 | $47.00 |  Repayment Received
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| October 2008 | $46.43 | $47.00 | Repayment Received
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| November 2008 | $46.43 | $47.00 | Repayment Received
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| December 2008 | $46.43 | $47.00 | Repayment Received
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| January 2009 | $46.43 | $44.15 | Repayment Received
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| February 2009 | $46.43 | $46.43 | Repayment Received
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| March 2009 | $46.42 | $46.42 | Repayment Received
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