Naomi Turkson


Status: Paying Back - Delinquent

$375.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Naomi Turkson
Location: Elmina, Ghana
Activity: General Store

About the Loan

Loan Amount: $375.00
Loan Use: Buy bags, towels and other items to sell.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 24, 2009
Date Disbursed: Mar 27, 2009
Date Funded:Mar 24, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4083 GHS = 1 USD



Naomi Turkson has been selling bags, towels and rubbers and other items at Agona, near Elmina since 1985.

Naomi is married with two children and has received a junior high education. Her husband works as a lecturer. She is responsible for supporting her husband in paying rent, utility bills and other basic expenses of the family.

Her loan will be used to increase her sales to meet the increase in demand by her costumers. She hopes to use the new profits from her business to reinvest, with the goal of expanding 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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Journal entries for Naomi Turkson


Loan has been disbursed
 
Entrepreneur: Naomi Turkson
Location: Elmina, Ghana

Thank you for your loan. It has been disbursed to Naomi Turkson 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
Mar 27, 2009
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Kiva Help Repayment Schedule for Naomi Turkson

  Expected Repayments Actual Repayments Comments
July 2009 $62.50 $62.50 Repayment Received
August 2009 $62.50 $62.50 Repayment Received
September 2009 $62.50 $62.50 Repayment Received
October 2009 $62.50 $0.00 Delinquent
November 2009 $62.50 $0.00 Delinquent
December 2009 $62.50 Available Dec 1