Dan Bright Ntow


Status: Paying Back - Delinquent

$375.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Dan Bright Ntow
Location: Abura, Ghana
Activity: Manufacturing

About the Loan

Loan Amount: $375.00
Loan Use: His loan will be used to as additional capital to enable him to buy more raw materials to increase the production and sale of the soap he makes as well as investing in his other business to meet the increase in demand by his costumers.
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:1.3627 GHS = 1 USD



Dan Bright Ntow has a book shop and he is involved in petty trading at Kakumdo near Abura. He also manufactures soap for sale. Dan Bright has received tertiary level education. He is married and has 6 dependants. His wife is a trader. Dan Bright has a book shop and has also been doing petty trading about 5 years ago. He started his soap manufacturing business not to long ago. He is responsible for paying rent, utility bills and other financial expenses. His loan will be used to as additional capital to enable him to buy more raw materials to increase the production and sale of the soap he makes as well as investing in his other business to meet the increase in demand by his costumers. He hopes to use the new profits from his business to reinvest back for the expansion of his 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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carla
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Journal entries for Dan Bright Ntow


Loan has been disbursed
 
Entrepreneur: Dan Bright Ntow
Location: Abura, Ghana

Thank you for your loan. It has been disbursed to Dan Bright Ntow 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 Dan Bright Ntow

  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