Prince Osei
Status: Paying Back - Delinquent
| $300.00 | Loan Amount |
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66% repaid
About the Entrepreneur
| Name: | Prince Osei |
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| Location: | Cape Coast, Ghana |
| Activity: | Retail |
About the Loan
| Loan Amount: | $300.00 |
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| Loan Use: | Prince will use the loan as additional capital to enable him to increase the sale of LP Gas cylinders to meet the increase in demand by him costumers. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Feb 22, 2009 |
| Date Disbursed: | Feb 17, 2009 |
| Date Funded: | Feb 22, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Christian Rural Aid Network (CRAN) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2430 |
| Total Loans: | $1,055,925 |
| Delinquency Rate: | 55.59% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.3627 GHS = 1 USD |
Prince Osei is single and has no children. He has received schooling through junior high. Prince sells LP Gas cylinders and stoves at Kotokraba which is the heart of Cape Coast, which he has done since 2005. Prince uses his income to pay for rent, utility bills and other financial expenses. Prince will use the loan as additional capital to enable him to increase the sale of LP Gas cylinders to meet the increase in demand by him costumers. With the new profits from his expanded business, Prince plans to put up a building for himself and for the future family he will be having.
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.
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 Prince Osei
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Loan has been disbursed
Location: Cape Coast, Ghana
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Posted by
from Cape Coast, Ghana
Feb 23, 2009 |
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Comment on this entry
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Repayment Schedule for Prince Osei
Repayment Schedule for Prince Osei
| Expected Repayments | Actual Repayments | Comments | |||
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| June 2009 | $50.00 | $50.00 |  Repayment Received
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| July 2009 | $50.00 | $50.00 | Repayment Received
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| August 2009 | $50.00 | $50.00 | Repayment Received
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| September 2009 | $50.00 | $50.00 | Repayment Received
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| October 2009 | $50.00 | $0.00 |  Delinquent
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| November 2009 | $50.00 | $0.00 | Delinquent
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