Edward Yeboah


Status: Paying Back - Delinquent

$375.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Edward Yeboah
Location: Cape Coast, Ghana
Activity: Shoe Sales

About the Loan

Loan Amount: $375.00
Loan Use: To expand his business selling second-hand shoes
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 27, 2009
Date Disbursed: Mar 27, 2009
Date Funded:Mar 27, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4207 GHS = 1 USD



For the last 15 years, Edward Yeboah has made a living second-hand shoes at UCC/Kingsway in Cape Coast. Edward is married, has four children and is a graduate of the local high school. His wife is employed as a hairdresser. His financial responsibilities include paying for his children's schooling. Edward has applied for a loan to expand his business selling second-hand shoes. He hopes to use the increased profits made possible by this loan to build a house.



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 Edward Yeboah


Loan has been disbursed
 
Entrepreneur: Edward Yeboah
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Edward Yeboah 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 Cape Coast, Ghana
Mar 28, 2009
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Kiva Help Repayment Schedule for Edward Yeboah

  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