Faustina Danquah


Status: Paying Back - Delinquent

$300.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Faustina Danquah
Location: Elmina, Ghana
Activity: Fish Selling

About the Loan

Loan Amount: $300.00
Loan Use: Faustina will use the loan 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 24, 2009
Date Disbursed: Feb 27, 2009
Date Funded:Feb 24, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3672 GHS = 1 USD



Faustina Danquah is married and has 1 child. She has received schooling through junior high. Faustina 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 Atobiase near Elmina, which she has done since 2006. Her husband is a carpenter. Faustina uses her income to assist her husband with the house keeping expenses. Faustina will use the loan to increase her capital to buy fish in larger quantities for processing and sale. With the new profits from her expanded business, Faustina plans to save towards a house that she wants to build with her husband.



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 Faustina Danquah


Loan has been disbursed
 
Entrepreneur: Faustina Danquah
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Faustina Danquah 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 27, 2009
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Kiva Help Repayment Schedule for Faustina Danquah

  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