Philomina Amoah


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Philomina Amoah
Location: Siwdo, Ghana
Activity: Cosmetics Sales

About the Loan

Loan Amount: $700.00
Loan Use: to buy more goods for sale
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 30, 2008
Date Disbursed: Sep 13, 2008
Date Funded:Aug 30, 2008
Loan Ended:May 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.1587 GHS = 1 USD



Philomina Amoah sells cosmetics such as perfume, creams, etc. Philomina has received primary education. She is divorced and has 6 children. Philomina has been selling cosmetics since 2001. She is responsible for paying the school fees to educate her children. Her loan will be used to buy more goods for sale. She hopes to use the new profits from her business to buy a piece of land.





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 Philomina Amoah


Loan has been disbursed
 
Entrepreneur: Philomina Amoah
Location: Siwdo, Ghana

Thank you for your loan. It has been disbursed to Philomina Amoah 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 Siwdo, Ghana
Sep 14, 2008
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Kiva Help Repayment Schedule for Philomina Amoah

  Expected Repayments Actual Repayments Comments
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received
May 2009 $100.00 $100.00 Repayment Received
June 2009 $100.00 $100.00 Repayment Received