Kweku Adabo
Status: Paid Back
| $350.00 | Loan Request | |
|---|---|---|
| $350.00 | Paid Back |
About the Entrepreneur
| Name: | Kweku Adabo |
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| Location: | Elmina, Ghana |
| Activity: | Pub |
About the Loan
| Loan Amount: | $350.00 |
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| Loan Use: | Additional capital to expand his business. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 11, 2008 |
| Date Disbursed: | Aug 26, 2008 |
| Date Funded: | Aug 12, 2008 |
| Loan Ended: | Apr 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2431 |
| Total Loans: | $1,056,275 |
| Delinquency Rate: | 55.55% |
| 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: | 1.1600 GHS = 1 USD |
Kweku Adabo sells drinks at the seashore and his main customers are the fishermen. He is also a fisherman as an extra job. He is married, but his wife's income is not sufficient for Kweku and his 4 children. Demand for his goods is high, and he is looking to expand his business to increase her profits.
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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Journal entries for Kweku Adabo
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Loan has been disbursed
Location: Elmina, Ghana
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Posted by
from Elmina, Ghana
Aug 27, 2008 |
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Comment on this entry
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Repayment Schedule for Kweku Adabo
Repayment Schedule for Kweku Adabo
| Expected Repayments | Actual Repayments | Comments | |||
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| November 2008 | $50.00 | $50.00 |  Repayment Received
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| December 2008 | $50.00 | $0.00 | Repayment Received
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| January 2009 | $50.00 | $100.00 | Repayment Received
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| February 2009 | $50.00 | $50.00 | Repayment Received
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| March 2009 | $50.00 | $50.00 | Repayment Received
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| April 2009 | $50.00 | $50.00 | Repayment Received
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| May 2009 | $50.00 | $50.00 | Repayment Received
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