Patience Efua Mensah


Status: Paying Back - Delinquent

$600.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Patience Efua Mensah
Location: Abura, Ghana
Activity: Clothing Sales

About the Loan

Loan Amount: $600.00
Loan Use: Patience will use the loan to purchase a variety of fabrics and other sewing materials for her sewing work .
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 22, 2009
Date Disbursed: Feb 12, 2009
Date Funded:Feb 22, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3528 GHS = 1 USD



Patience Efua Mensah is single and has no child. She has received schooling through senior high. Patience sells clothing and fabric; she is a seamstress who is specialized in sewing ladies wear at Ntabetil near Abura, which she has done since 2006. Patience uses her income to pay for housekeeping expenses since her husband takes care of the family's financial needs. Patience will use the loan to purchase a variety of fabrics and other sewing materials for her sewing work . With the new profits from her expanded business, Patience plans to reinvest back for the expansion of her trade.



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 Patience Efua Mensah


Loan has been disbursed
 
Entrepreneur: Patience Efua Mensah
Location: Abura, Ghana

Thank you for your loan. It has been disbursed to Patience Efua Mensah by Christian Rural Aid Network (CRAN) in Ghana. We are excited to watch this business grow. Over the 6 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 Abura, Ghana
Feb 23, 2009
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Kiva Help Repayment Schedule for Patience Efua Mensah

  Expected Repayments Actual Repayments Comments
June 2009 $100.00 $99.99 Repayment Received
July 2009 $100.00 $100.00 Repayment Received
August 2009 $100.00 $100.00 Repayment Received
September 2009 $100.00 $100.01 Repayment Received
October 2009 $100.00 $0.00 Delinquent
November 2009 $100.00 $0.00 Delinquent