Elizabeth Ofori


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Elizabeth Ofori
Location: Cape Coast, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $500.00
Loan Use: To procure provisions and drinks
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 10, 2009
Date Disbursed: Mar 26, 2009
Date Funded:Apr 13, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4170 GHS = 1 USD



Elizabeth Ofori is 45 years old. She is married with four children. According to her, one of them has just completed junior high school. The rest are still in basic school. She lives with her children in a rented apartment in a fishing community called Aquase, near Cape Coast in the Central Region of Ghana.
She works hard to make some income to support her husband cater for the family. Elizabeth is a trader. She trades in provisions and all kinds of drinks – malt, fan milk, fan ice, etc. She procures the products from the wholesale dealers in the regional capital, Cape Coast, and sells in the community market. Elizabeth says she owns a shop in which she sells her products. She has been in business for eight years and wants a loan to procure the provisions and drinks in bulk.


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Lenders to this entrepreneur

Anonymous
Lindome,
Sweden

Steve
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Bob and Michelle
Johnson City, NY
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Marco
Serra Ricco', Genova
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Mary
Gibsonia, PA
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neddotcom
worldwide, OR
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Don
Arlington, TX
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Daina
Euclid, OH
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scott
knoxville, TN
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Steve
Los Angeles, CA
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Seven Hills
Cincinnati, OH
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Ariyanna
Minneapolis, MN
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Emil
Ytre Enebakk,
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Journal entries for Elizabeth Ofori


Loan has been disbursed
 
Entrepreneur: Elizabeth Ofori
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Elizabeth Ofori 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 14, 2009
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Update on Elizabeth Ofori
 
Entrepreneur: Elizabeth Ofori
Location: Cape Coast, Ghana

Elizabeth wants to thank her cherished lenders for impacting her business through their loans. She needed additional working capital in the form of loan to purchase groceries in bulk; your timely response to her need has really eased her stress. Elizabeth says, she has brought in stock of groceries in bulk to serve her customers. Being able to buy in bulk is very advantageous. It means fewer trips to fill the demand, and it is a hedge against the rapidly rising prices. She now makes profit margin between 55-65 cedis per week which is twice her previous profits.

After receiving her second loan cycle with SAT from Kiva lenders, Elizabeth says she is gradually scaling up her business profit which is making her life quite easy.

The profits from her recent loan went to support her children who are in school for their school fees and books; supported household feeding and bills, with the remainder reinvested in her business

Elizabeth said she is grateful to her lenders for giving her the opportunity to improve her business and improve her family living condition. She wishes you God’s blessings for your genuine heart toward helping humanity.


Posted by Frank Owusu-Boakye from Cape Coast, Ghana
Oct 12, 2009
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Kiva Help Repayment Schedule for Elizabeth Ofori

  Expected Repayments Actual Repayments Comments
July 2009 $100.00 $100.00 Repayment Received
August 2009 $100.00 $100.00 Repayment Received
September 2009 $150.00 $150.00 Repayment Received
October 2009 $100.00 $100.00 Repayment Received
November 2009 $50.00 $50.00 Repayment Received