Ama Nyame


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

Name: Ama Nyame
Location: Cape Coast, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $650.00
Loan Use: To buy palm nuts
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 8, 2009
Date Disbursed: Mar 26, 2009
Date Funded:Apr 9, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4121 GHS = 1 USD



Ama Nyame is forty-five years old. She is a married mother of three children. One of her children has completed junior high school and is in an apprenticeship. The others are in junior high and primary school. Ama lives with her children and husband in a rented apartment in a fishing community called Aquase, near Cape Coast in the Central Region of Ghana.
She is a trader. She prepares and sells palm oil. Palm oil is prepared from palm nuts. The cooked palm is pounded, mixed with hot water, strained and boiled for several hours. The reddish substance which is the oil is skimmed off and boiled again to expel water content. Ama buys the palm nuts from the farmers in her community. She distributes the oil to retailers. Ama also sells textiles and utensils. She has been in business for eight years and wants a loan to buy raw materials in bulk. She hopes to improve her standard of living and to give her children the best education she can afford.


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Anonymous
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James M Hill High School
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Journal entries for Ama Nyame


Loan has been disbursed
 
Entrepreneur: Ama Nyame
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Ama Nyame 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 10, 2009
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Kiva Help Repayment Schedule for Ama Nyame

  Expected Repayments Actual Repayments Comments
July 2009 $130.00 $130.00 Repayment Received
August 2009 $130.00 $130.00 Repayment Received
September 2009 $195.00 $195.00 Repayment Received
October 2009 $130.00 $130.00 Repayment Received
November 2009 $65.00 $65.00 Repayment Received