Abena Boaduwaa


Status: Paying Back - Delinquent

$300.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Abena Boaduwaa
Location: Elmina, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $300.00
Loan Use: Buy more corn
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 Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3627 GHS = 1 USD



Abena Boaduwaa sells local dishes known as Obrayo and also fries fish for sale at Tatermu near Elmina. Abena has received a primary level education. She is married and has 2 children. Her husband is a minister. Abena has been selling local dishes since 1997. She is responsible for assisting her husband with the housekeeping expenses. Her loan will be used as additional capital to enable her buy more corn. She hopes to use the new profits from her business to reinvest 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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Lenders to this entrepreneur

WTHarvey
Alexandria, VA
United States

Anonymous
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Kali and Maddie
Novato, CA
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Meridian UCC
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Terry T
Calgary, Alberta
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Hugo
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Magala and Olivia-Seone
Blaine, MN
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Jack
Oakville, Ontario
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Journal entries for Abena Boaduwaa


Loan has been disbursed
 
Entrepreneur: Abena Boaduwaa
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Abena Boaduwaa 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 23, 2009
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Kiva Help Repayment Schedule for Abena Boaduwaa

  Expected Repayments Actual Repayments Comments
June 2009 $50.00 $50.00 Repayment Received
July 2009 $50.00 $50.00 Repayment Received
August 2009 $50.00 $50.00 Repayment Received
September 2009 $50.00 $50.00 Repayment Received
October 2009 $50.00 $0.00 Delinquent
November 2009 $50.00 $0.00 Delinquent