Esi Bosua


Status: Paying Back - Delinquent

$400.00   Loan Amount
83% repaid

About the Entrepreneur

Name: Esi Bosua
Location: Cape Coast, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $400.00
Loan Use: To buy more groceries
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 20, 2009
Date Disbursed: Jan 23, 2009
Date Funded:Jan 20, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3173 GHS = 1 USD



Esi Bosua sells groceries like biscuits and canned products at London Bridge in Cape Coast. Esi has received a junior high education. She is a single parent with one child.


Esi has been selling groceries for the past 10 years. She is responsible for paying her rent, utility bills and other expenses. Her loan will be used to buy more groceries to meet the increase in demand by her customers. She hopes to use the new profits from her business to save towards a house she wants to put up for the children.



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.


Subscribe

Lenders to this entrepreneur

Poverty2Prosperity
San Francisco Bay Area, CA
United States

Mike H
Nashville, TN
United States

Lisa
Norwalk, CT
United States

Bill
Dallas, TX
United States

Adam
Baltimore, MD
United States

james
central, SC
United States

LQS Eddie Gough Fund
St Brelade, Jersey CI
United Kingdom

Ronda
Cogswell, ND
United States

Anonymous
San Francisco, CA
United States

Anonymous
brooklyn, NY
United States

gayle
ojai, CA
United States

Mary Lou
CT
United States



Top Lending Teams for this entrepreneur


Team USA
Local Area
867 Members

Poverty2Prosperity.org - Poverty-Escape
Businesses
1663 Members

Journal entries for Esi Bosua


Loan has been disbursed
 
Entrepreneur: Esi Bosua
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Esi Bosua 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 23, 2009
Comment on this entry

Update for Esi Bosua
 
Entrepreneur: Esi Bosua
Location: Cape Coast, Ghana

Esi lives together with her child in a rented apartment. Her child is going to school, she herself receive 9 years of school.

To sell sweets in the streets of Cape Coast is Esi’s daily bread, but competition is a big challenge. To be able to handle such financial difficulties, she decided to take a microloan from the Christian Rural Aid Network (CRAN).

With the help of the loan she was able to extend her range of goods and now it is more easier for her to survive bad business times. Her profit increased.

She invests her profit in for the education of her child, pays the fees, buys books and uniforms.

Esi has plans to build a bigger store and dreams of her own land.

She thanks every lender very much, for giving her the chance to improve her business, which is helping her to improve her life step by step.

About Christian Rural Aid Network:

Christian Rural Aid Network is a non-governmental, rural development organization established in 1993 with the aim of promoting an improvement in the quality of life and the socio-economic development of the rural poor in Ghana. Based in Cape Coast and operating in three regions and seven different districts, CRAN’s work is based on the values of Christian motivation and obligation towards the development of the individual as a whole, employing and promoting “demand-led” or “self-help” strategies for community development and rural poverty reduction. CRAN’s mission is to “work towards the improvement in the quality of life of the rural poor, the disadvantaged and the marginalized populations and communities in a holistic fashion (physically, socially, economically and spiritually), with emphasis on the right of children to quality formal education, in addition to the economic and social empowerment of women in a professional and qualitative manner”. To learn more about CRAN, click here. To browse through profiles of recent CRAN loan applicants and to make a loan to another worthy CRAN loan client, click here.


Posted by Tobias Hoelscher from Cape Coast, Ghana
Nov 17, 2009
Comment on this entry

Kiva Help Repayment Schedule for Esi Bosua

  Expected Repayments Actual Repayments Comments
May 2009 $66.66 $66.66 Repayment Received
June 2009 $66.66 $66.66 Repayment Received
July 2009 $66.66 $66.66 Repayment Received
August 2009 $66.66 $66.66 Repayment Received
September 2009 $66.66 $66.66 Repayment Received
October 2009 $66.70 $0.00 Delinquent