Eric Kurankye
| $375 |
Loan Request
Pre-Disbursed
: Jan 22, 2009
Listed: Feb 13, 2009
Funded: Feb 13, 2009
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| $375 |
Paid Back
Ended: Dec 24, 2009
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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: | 1.3629 GHS = 1 USD |
About the Loan
| Location: | Siwdo, Ghana | Repayment Term: | 9 months (more info) |
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| Activity: | Food Production/Sales | Repayment Schedule: | Monthly | |
| Loan Use: | additional capital to purchase more palm fruit for the production of palm oil | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
Eric will use the loan as additional capital to enable him to purchase more palm fruit for the production of palm oil to meet the increase in demand by his customers. With the new profits from his expanded business, Eric plans to save towards a house he wants to put up for his children, and also invest in his taxi which is giving him problems.
In the picture is him beside his taxi which generates a little income for him.
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 Eric Kurankye
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Loan has been disbursed
Location: Siwdo, Ghana
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Posted by
from Siwdo, Ghana
Feb 14, 2009 |
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Comment on this entry
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Repayment Schedule for Eric Kurankye
Repayment Schedule for Eric Kurankye
| Expected Repayments | Actual Repayments | Comments | |||
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| May 2009 | $62.50 | $62.50 |  Repayment Received
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| June 2009 | $62.50 | $62.49 | Repayment Received
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| July 2009 | $62.50 | $62.50 | Repayment Received
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| August 2009 | $62.50 | $62.50 | Repayment Received
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| September 2009 | $62.50 | $62.51 | Repayment Received
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| October 2009 | $62.50 | $62.50 | Repayment Received
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