Veronica Gbesiagbe

Status: Paying Back - Delinquent

$375.00		Loan Amount

66% repaid

About the Entrepreneur

Name:	Veronica Gbesiagbe
Location:	Elmina, Ghana
Activity:	Fish Selling

About the Loan

Loan Amount:	$375.00
Loan Use:	Her loan will be used to increase her capital to buy fish in larger quantities for processing and sale.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 20, 2009
Date Disbursed:	Feb 6, 2009
Date Funded:	Feb 20, 2009

About the Field Partner

Field Partner:

Christian Rural Aid Network (CRAN)

Field Partner Risk Rating:

(Learn more)

Active

23 months

2427

$1,054,875

55.72%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Ghana
Avg Annual Income:	$2,643.00
Currency:	Ghana Cedis (GHS)
Exchange Rate:	1.3751 GHS = 1 USD

Veronica Gbesiagbe sells fish which she buys from the fishermen, brings them home for processing and preservation, and then sends them to the market for sale at Bantama, in Elmina. Veronica has received junior high school education. She is single and has no children. Veronica has been selling fish since 1995. She is responsible for paying rent, utility bills and other financial expenses. Her loan will be used to increase her capital to buy fish in larger quantities for processing and sale. She hopes to use the new profits to reinvest back into her business to expand her trade in processed fish.

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 Veronica Gbesiagbe

Loan has been disbursed Entrepreneur: Veronica Gbesiagbe Location: Elmina, Ghana Thank you for your loan. It has been disbursed to Veronica Gbesiagbe 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 Elmina, Ghana Feb 21, 2009
Comment on this entry

Updates for Veronica Gbesiagbe Entrepreneur: Veronica Gbesiagbe Location: Elmina, Ghana Few months ago, Veronica had a Kiva loan which has been her life changing moment. With the loan, she increased her trading capital. She bought large quantities of fish which she smoked by method of processing and then sold them for more profit. Her business has been doing very well since. With the profit she has dealt with the poverty and struggles in her life. Despite a few challanges, she is sailing through. Thank you for your loan it has really helped veronica. Greetings from veronica to you, she is very grateful for the great help. 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 Solomon Edziah from Elmina, Ghana Sep 30, 2009
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Repayment Schedule for Veronica Gbesiagbe

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	Expected Repayments	Actual Repayments	Comments
June 2009	$62.50	$62.49	Repayment Received
July 2009	$62.50	$62.50	Repayment Received
August 2009	$62.50	$62.50	Repayment Received
September 2009	$62.50	$62.51	Repayment Received
October 2009	$62.50	$0.00	Delinquent
November 2009	$62.50	$0.00	Delinquent