Charles Baidoo


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Charles Baidoo
Location: Cape Coast, Ghana
Activity: Cement

About the Loan

Loan Amount: $700.00
Loan Use: Buy more bags of cement
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 7, 2009
Date Disbursed: Mar 26, 2009
Date Funded:Apr 8, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4342 GHS = 1 USD



Charles Baidoo is 35 years old, he is married, and has four children. Currently all his children are in school. He has been married for ten years now. Charles is the bread winner at home, as a result he is always working. Charles is very dedicated to his work, children, wife and his extended family when they need him.



He was born and lives in Moore in the central region of Ghana. The common languages in the central region are Fante and English. Cape coast has the best schools in Ghana, which range from tertiary to senior high schools. Charles did not have the opportunity to attend these schools due to financial problems. But this did not deter him from what he wanted to do, which was sell cement. Cement is an essential material that most builders use in Ghana. He saved money to successfully run his cement business, but then he ran out of funds.



Charles imports his stock from GHACEM in Tema Ghana. He doesn’t have enough funds to buy more, meanwhile the demand for his goods is high. Currently he sells between 200-400 bags within a 2-3 week period. Because he makes his deliveries promptly, lots of people buy from him. Charles is requesting a loan to purchase 1000 bags of cement, so he can meet the daily demand of his loyal customers. He would be grateful for your assistance. Charles belongs to a village bank called ‘Awake’.



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Journal entries for Charles Baidoo


Loan has been disbursed
 
Entrepreneur: Charles Baidoo
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Charles Baidoo by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the 5 months of this loan, Sinapi Aba Trust (SAT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cape Coast, Ghana
Apr 9, 2009
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Kiva Help Repayment Schedule for Charles Baidoo

  Expected Repayments Actual Repayments Comments
July 2009 $140.00 $140.00 Repayment Received
August 2009 $140.00 $140.00 Repayment Received
September 2009 $210.00 $210.00 Repayment Received
October 2009 $140.00 $140.00 Repayment Received
November 2009 $70.00 $70.00 Repayment Received