Mercy Sam


Status: Paying Back - Delinquent

$375.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Mercy Sam
Location: Elmina, Ghana
Activity: Food Market

About the Loan

Loan Amount: $375.00
Loan Use: Her loan will be used as additional capital to increase the sale of food supplies.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 23, 2009
Date Disbursed: Feb 27, 2009
Date Funded:Feb 23, 2009

About the Country

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



Mercy Sam sells food supplies like plantain, banana and other items at Atobiase, near Elmina. Mercy has received primary level education. She is married and has 1 child. Her husband is a carpenter. Mercy has been selling food supplies like plantain and bananas since 2007. She is responsible for assisting her husband with the house keeping expenses. Her loan will be used as additional capital to increase the sale of food supplies to meet the increase in demand by her costumers. She hopes to use the new profits from her business to save towards a house that she wants to put up 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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DINKS
Common Interest
2 Members

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11 Members

Freemasons
Clubs
67 Members

Journal entries for Mercy Sam


Loan has been disbursed
 
Entrepreneur: Mercy Sam
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Mercy Sam 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 Mercy Sam

  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