Joyce Korankye
Status: Paid Back
| $875.00 | Loan Request | |
|---|---|---|
| $875.00 | Paid Back |
About the Entrepreneur
| Name: | Joyce Korankye |
|---|---|
| Location: | Abura, Ghana |
| Activity: | Retail |
About the Loan
| Loan Amount: | $875.00 |
|---|---|
| Loan Use: | purchase baby dresses and cooking utensils for re-sale |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 29, 2008 |
| Date Disbursed: | Sep 12, 2008 |
| Date Funded: | Aug 29, 2008 |
| Loan Ended: | May 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: | 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 |
|---|---|
| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.1621 GHS = 1 USD |
Joyce uses her income to help take care of the family's financial needs. Joyce will use the loan to purchase baby dresses and cooking utensils for sale. With the new profits from her expanded business, Joyce plans to reinvest to expand the business further.
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 Joyce Korankye
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Loan has been disbursed
Location: Abura, Ghana
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Posted by
from Abura, Ghana
Sep 14, 2008 |
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Comment on this entry
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Repayment Schedule for Joyce Korankye
Repayment Schedule for Joyce Korankye
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2008 | $125.00 | $125.00 |  Repayment Received
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| January 2009 | $125.00 | $125.00 | Repayment Received
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| February 2009 | $125.00 | $125.00 | Repayment Received
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| March 2009 | $125.00 | $125.00 | Repayment Received
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| April 2009 | $125.00 | $125.00 | Repayment Received
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| May 2009 | $125.00 | $125.00 | Repayment Received
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| June 2009 | $125.00 | $125.00 | Repayment Received
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