Grace Ankoful
Status: Paid Back
| $700.00 | Loan Request | |
|---|---|---|
| $700.00 | Paid Back |
About the Entrepreneur
| Name: | Grace Ankoful |
|---|---|
| Location: | Elmina, Ghana |
| Activity: | Beauty Salon |
About the Loan
| Loan Amount: | $700.00 |
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| Loan Use: | Grace will use the loan to purchase more hair products and other goods 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: | 2427 |
| Total Loans: | $1,054,875 |
| Delinquency Rate: | 55.72% |
| 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: | 1.1678 GHS = 1 USD |
Grace Ankoful is single and has no children. She has received schooling through Junior High Level. Grace sells artificial hair pieces, panties, shoes and others products and she has also operated a beauty salon at Kwesidukrom near Elmina 2005.
Grace uses her income to pay for utility bills and other expenses. She will use the loan of $700 to purchase more hair products and other goods for sale. With the new profits from her expanded business, Grace plans to complete her building, which she started and had to stop.
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.
Grace uses her income to pay for utility bills and other expenses. She will use the loan of $700 to purchase more hair products and other goods for sale. With the new profits from her expanded business, Grace plans to complete her building, which she started and had to stop.
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 Grace Ankoful
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Loan has been disbursed
Location: Elmina, Ghana
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Posted by
from Elmina, Ghana
Oct 24, 2008 |
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Comment on this entry
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Repayment Schedule for Grace Ankoful
Repayment Schedule for Grace Ankoful
| 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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