Millicent Ofosu


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Millicent Ofosu
Location: Oda, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $500.00
Loan Use: to procure provisions
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 20, 2009
Date Disbursed: Apr 16, 2009
Date Funded:Apr 21, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4387 GHS = 1 USD



Millicent Ofosu is forty–six years old. She is widowed and has given birth to four children, two sons and two daughters. She says that two of her children attend university, one attends senior high school, and the youngest primary school. Millicent lives with her children in a family house in a farming/commercial town named Achiase, which is near Akim Oda in the eastern region of Ghana. Her brother helps her to take care of the children.

Millicent is a trader. She runs a provision store by the roadside. Millicent procures her goods from wholesalers in Oda.
She has been in this business for two years and desires to expand her business. She is hopeful of improving her standard of living.


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Journal entries for Millicent Ofosu


Loan has been disbursed
 
Entrepreneur: Millicent Ofosu
Location: Oda, Ghana

Thank you for your loan. It has been disbursed to Millicent Ofosu 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 Oda, Ghana
Apr 22, 2009
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Kiva Help Repayment Schedule for Millicent Ofosu

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