Martha Abakah
Status: Paid Back
| $700.00 | Loan Request | |
|---|---|---|
| $700.00 | Paid Back |
About the Entrepreneur
| Name: | Martha Abakah |
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| Location: | Cape Coast, Ghana |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $700.00 |
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| Loan Use: | To increase her stock for sale. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 9, 2008 |
| Date Disbursed: | Oct 23, 2008 |
| Date Funded: | Oct 9, 2008 |
| Loan Ended: | Jun 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: | 1.1470 GHS = 1 USD |
Martha Abakah is married and has 4 children. She has never received any schooling. Martha has been selling maize, groundnuts, beans and other food items in Cape Coast since 2008. Martha uses her income to help her husband pay for their children's education.
Martha will use the loan to increase her stock for sale. With the new profits from her expanded business, Martha plans to help her husband acquire a piece of land for a family house.
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.
Martha will use the loan to increase her stock for sale. With the new profits from her expanded business, Martha plans to help her husband acquire a piece of land for a family house.
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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Lenders to this entrepreneur
Bema
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Ru
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Angela
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Maria
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Anne
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Hans
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Simon
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Andre
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Keith
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Jared and Collins
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Anonymous
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Chai
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Tom
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Journal entries for Martha Abakah
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Loan has been disbursed
Location: Cape Coast, Ghana
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Posted by
from Cape Coast, Ghana
Oct 24, 2008 |
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Comment on this entry
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Repayment Schedule for Martha Abakah
Repayment Schedule for Martha Abakah
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2009 | $100.00 | $100.00 |  Repayment Received
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| February 2009 | $100.00 | $100.00 | Repayment Received
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| March 2009 | $100.00 | $100.00 | Repayment Received
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| April 2009 | $100.00 | $100.00 | Repayment Received
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| May 2009 | $100.00 | $100.00 | Repayment Received
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| June 2009 | $100.00 | $100.00 | Repayment Received
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| July 2009 | $100.00 | $100.00 | Repayment Received
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