Kwamina Annan

Status: Paid Back

$500.00		Loan Request
$500.00		Paid Back

About the Entrepreneur

Name:	Kwamina Annan
Location:	Elmina, Ghana
Activity:	Fish Selling

About the Loan

Loan Amount:	$500.00
Loan Use:	Additional capital to expand his business.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jul 1, 2008
Date Disbursed:	Jul 16, 2008
Date Funded:	Jul 2, 2008
Loan Ended:	Mar 15, 2009

About the Field Partner

Field Partner:

Christian Rural Aid Network (CRAN)

Field Partner Risk Rating:

(Learn more)

Active

23 months

2427

$1,054,875

55.72%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Ghana
Avg Annual Income:	$2,643.00
Currency:	Ghana Cedis (GHS)
Exchange Rate:	1.0065 GHS = 1 USD

Kwamina Annan sells bulk fish. He is married, but his wife's income from selling fish is not sufficient enough for Kwamina and his two children. Demand for his goods is high, and he is looking to expand his business to increase his profits.

He is asking for additional capital in order to expand his 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.

Lenders to this entrepreneur

Rick
Cuperino, CA
United States

Mark
Perth, Western Australia
Australia

Paul & Aren
Santa Cruz, CA
United States

Mark
Santa Cruz, CA
United States

Congregational Church
Waterville, Maine
United States

Anonymous
Oakville, Ontario
Canada

Anonymous
louisville, KY
United States

Tom and Nita
Lakeport, CA
United States

Anonymous
Seattle, WA
United States

AJJ
North Palm Beach, FL
United States

Thiébaut
Argiésans,
France

patrick
los angeles, CA
United States

Adrian
Obernau,
Switzerland

Tibor
Szeged, Europe
Hungary

Emily's Family
Santa Barbara, CA
United States

John
Solihull, West Midlands
United Kingdom

Matthew
Arlington, VA
United States

Journal entries for Kwamina Annan

Loan has been disbursed Entrepreneur: Kwamina Annan Location: Elmina, Ghana Thank you for your loan. It has been disbursed to Kwamina Annan by Christian Rural Aid Network (CRAN) in Ghana. We are excited to watch this business grow. Over the next 7 months, Christian Rural Aid Network (CRAN) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Elmina, Ghana Jul 16, 2008
Comment on this entry

Journal Update about Kwamina Annan Entrepreneur: Kwamina Annan Location: Elmina, Ghana Kwamina Annan borrowed $500 in order to expand his business as a fish seller. He currently buys from fishermen right off their boats and then sells the products to businesses in the area. Annan says that since he took out the loan, work is improving. He has bought and sold more fish, making more profit as a result. Annan uses this profit to take care of his wife and two children, a 12-year-old girl and a 10-year-old boy, both of whom attend school. Annan himself went to school until class four, the equivalent of fourth grade. Annan wants to start a poultry farm in the near future and is also saving some of his profits for that. He hopes to take another loan to start his new poultry business while continuing his fish-selling business as well. He currently rents a house but hopes in the long-term to save enough money to build a house for his family.
Posted by Cassie DeFillipo from Elmina, Ghana Dec 2, 2008
Comment on this entry

Repayment Schedule for Kwamina Annan

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	Expected Repayments	Actual Repayments	Comments
October 2008	$71.43	$72.00	Repayment Received
November 2008	$71.43	$72.00	Repayment Received
December 2008	$71.43	$72.00	Repayment Received
January 2009	$71.43	$69.72	Repayment Received
February 2009	$71.43	$71.43	Repayment Received
March 2009	$71.43	$71.43	Repayment Received
April 2009	$71.42	$71.42	Repayment Received