Mary Thompson

Status: Paying Back

$575
Loan Request
Pre-Disbursed : Nov 6, 2009
Listed: Nov 7, 2009
Funded: Nov 17, 2009
0% repaid

About the Country

Country:Ghana
Avg Annual Income:$2,643
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4300 GHS = 1 USD


About the Loan

Location: Elmina, Ghana   Repayment Term: 9 months
(more info)
Activity: Fish Selling   Repayment Schedule: Monthly
Loan Use: To buy more fresh fish to smoke and fire wood for sale.   Currency Exchange Loss: Possible
      Default Protection: Covered
Mary Thompson is married and has five dependants. She has received education up to the senior high level. Mary sells smoked fish at Elmina seashore, which she has been doing since 1990. Her husband is a fisherman. Mary uses her income to support the husband in the payment of school fees and utility bills. Mary will use the loan to buy more fresh fish to smoke and fire wood for sale. With the new profits from her expanded business, Mary plans to save to build her own house and to reinvest.

To smoke her fish, she goes to the seashore to buy fresh fish from the fishermen. She comes home with the fish, cleans or dresses them and drains the water that comes about as a result of washing the fish. She prepares her traditionally made oven with firewood to smoke her fish for sale.




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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neddotcom
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inFlow Inventory
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Terrie

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Journal entries for Mary Thompson


Loan to Mary Thompson in Ghana has been 100% funded
 
Entrepreneur: Mary Thompson
Location: Elmina, Ghana

Thanks to you and 18 other Kiva Lenders, the 575.00 loan requested by Mary Thompson in Ghana has been 100% funded. The loan will be used for the purpose of: To buy more fresh fish to smoke and fire wood for sale..

Over the months of this loan, Kiva’s Field Partner in Ghana, 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
Nov 17, 2009
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Kiva Help Repayment Schedule for Mary Thompson

  Expected Repayments Actual Repayments Comments
March 2010 $95.83 Available Mar 1  
April 2010 $95.83 Available Apr 1  
May 2010 $95.83 Available May 1  
June 2010 $95.83 Available Jun 1  
July 2010 $95.83 Available Jul 1  
August 2010 $95.85 Available Aug 1