Augustina Mbro


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

Name: Augustina Mbro
Location: Cape Coast, Ghana
Activity: Tailoring

About the Loan

Loan Amount: $650.00
Loan Use: Purchase of fabrics and other sewing materials
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 7, 2009
Date Disbursed: Dec 19, 2008
Date Funded:Jan 7, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.2698 GHS = 1 USD



Augustina Mbro is single and has no children. She has received senior high education and, since 2003, has been earning income sewing and selling fabrics. A seamstress by profession, Augustina sells different kinds of fabrics and both male and female clothing at Intarbeton, Cape Coast. She uses her income for paying utility bills and covering various personal expenses. Her loan will be used to buy additional fabrics and sewing materials. She hopes to use the extra profit to reinvest in the business to increase its capital base.



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 Augustina Mbro


Loan has been disbursed
 
Entrepreneur: Augustina Mbro
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Augustina Mbro by Christian Rural Aid Network (CRAN) in Ghana. We are excited to watch this business grow. Over the 7 months of this loan, Christian Rural Aid Network (CRAN) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cape Coast, Ghana
Jan 8, 2009
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Kiva Help Repayment Schedule for Augustina Mbro

  Expected Repayments Actual Repayments Comments
April 2009 $108.33 $108.33 Repayment Received
May 2009 $108.33 $108.33 Repayment Received
June 2009 $108.33 $108.33 Repayment Received
July 2009 $108.33 $108.33 Repayment Received
August 2009 $108.33 $108.33 Repayment Received
September 2009 $108.35 $108.35 Repayment Received