Alex Egan
Status: Paid Back
| $300 |
Loan Request
Disbursed
: Mar 25, 2009
Listed: Mar 22, 2009
Funded: Mar 22, 2009
|
|---|---|
| $300 |
Paid Back
Ended: Dec 24, 2009
|
About the Field Partner
| Christian Rural Aid Network (CRAN) administers this loan. Learn more | |||||||
|
|||||||
| Field Partner: | Christian Rural Aid Network (CRAN) | ||||||
|---|---|---|---|---|---|---|---|
| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 26 months | ||||||
| Kiva Entrepreneurs: | 2525 | ||||||
| Total Loans: | $1,094,350 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
| |||||||
| Delinquency Rate: | 39.99% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Ghana |
|---|---|
| Avg Annual Income: | $2,643 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4061 GHS = 1 USD |
About the Loan
| Location: | Elmina, Ghana | Repayment Term: | 9 months (more info) |
|
|---|---|---|---|---|
| Activity: | Fish Selling | Repayment Schedule: | Monthly | |
| Loan Use: | Alex would then use the money to buy more fish to sell. | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
Alex Egan is a trader. He is married and has four children. He has received a junior high school education. He sells fish in Elmina. He goes to buy fish from the fishermen at sea and sends it home for processing before selling it at the market, which is in Elmina. He has been in this trade since 1998. Alex would then use the money to buy more fish to sell. He would then use the profit he gains to pay his children’s school fees and use the rest to build a house for his family.
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.
Subscribe
Lenders to this entrepreneur
Jeffrey
Stuttgart, AR
United States
Covell Development Fund
San Francisco, CA
United States
rick
panama city, florida
United States
Bob
East Lansing, MI
United States
Scot
Papillion, NE
United States
Doug and Linda
Ontario
Canada
Kevin
Brentwood, TN
United States
ALFREDO
sonora
Mexico
Dr. Lynn
San Ramon, CA
United States
Top Lending Teams for this entrepreneur
Journal entries for Alex Egan
|
Loan has been disbursed
Location: Elmina, Ghana
|
|
|
Posted by
from Elmina, Ghana
Mar 25, 2009 |
|
|
Comment on this entry
|
|
Repayment Schedule for Alex Egan
Repayment Schedule for Alex Egan
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| July 2009 | $50.00 | $50.00 |  Repayment Received
|
||
| August 2009 | $50.00 | $50.00 | Repayment Received
|
||
| September 2009 | $50.00 | $50.00 | Repayment Received
|
||
| October 2009 | $50.00 | $50.00 | Repayment Received
|
||
| November 2009 | $50.00 | $50.00 | Repayment Received
|
||
| December 2009 | $50.00 | $50.00 | Repayment Received
|
||
| 
