Kobena Etruw
Status: Paying Back - Delinquent
| $675 |
Loan Request
Pre-Disbursed
: Jun 26, 2009
Listed: Jul 1, 2009
Funded: Jul 8, 2009
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50% repaid
About the Field Partner
| Christian Rural Aid Network (CRAN) administers this loan. Learn more | |||||||
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| Field Partner: | Christian Rural Aid Network (CRAN) | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 26 months | ||||||
| Kiva Entrepreneurs: | 2521 | ||||||
| Total Loans: | $1,092,750 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 40.18% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4840 GHS = 1 USD |
About the Loan
| Location: | Cape Coast, Ghana | Repayment Term: | 9 months (more info) |
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| Activity: | Food Production/Sales | Repayment Schedule: | Monthly | |
| Loan Use: | To buy more cassava to process for sale. | Currency Exchange Loss: | Possible | |
| Default Protection: | Covered |
Kobena Etruw is married and has four children. He has no educational background. Kobena sells gari, which he gets from processed cassava at Kormantse near Cape Coast. He has done this since 1990. His wife is a trader. Kobena uses his income to feed his family and pay his children’s school fees. Kobena will use the loan to increase his capital to buy more cassava to process for sale. With the new profits from his expanded business, Kobena plans to save towards building a new 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.
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
Laurent D
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Marcin
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RSM Erasmus MBA 10
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Top Lending Teams for this entrepreneur
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious
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8250 Members
Journal entries for Kobena Etruw
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Loan has been disbursed
Location: Cape Coast, Ghana
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Posted by
from Cape Coast, Ghana
Jul 9, 2009 |
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Comment on this entry
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Repayment Schedule for Kobena Etruw
Repayment Schedule for Kobena Etruw
| Expected Repayments | Actual Repayments | Comments | |||
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| October 2009 | $112.50 | $112.50 |  Repayment Received
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| November 2009 | $112.50 | $112.50 | Repayment Received
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| December 2009 | $112.50 | $112.50 | Repayment Received
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| January 2010 | $112.50 | $0.00 |  Delinquent
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| February 2010 | $112.50 | $0.00 | Delinquent
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| March 2010 | $112.50 | Available Mar 1 | |||
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