Zinabu Nusiru


Status: Paid Back

$575.00   Loan Request
$575.00   Paid Back

About the Entrepreneur

Name: Zinabu Nusiru
Location: Oda, Ghana
Activity: Cosmetics Sales

About the Loan

Loan Amount: $575.00
Loan Use: To purchase cosmetics and clothing materials in bulk
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 21, 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:1.4349 GHS = 1 USD



Zinabu Nusiru trades in cosmetics and clothing materials. She is 42-years old, married and the mother of four kids who are in junior high and basic school. Zinabu’s husband works as a farmer. Zinabu and her family live in a family house at Oda in the Eastern Region of Ghana. Most of the inhabitants of Oda are either into farming or trade in farm products. Very few people run different types of business.


Zinabu buys cosmetics such as powder, assorted pomades, etc. and clothing materials from Accra, a nearby city, and sells in the market square in her community. She also treks to nearby centers to sell through door-to-door sales. She has been in this business for thee year now and wants a loan to increase her working capital so that she can purchase cosmetics in bulk.


Zinabu believes the loan assistance will enable her to reach out to other market centers and eventually help to improve her family's finances. She is a member of a trust bank group called Adehyee Mma (translated, Royals) Trust Group. Members of this group guarantee for one another as social collateral to access the loan and themselves in handling repayment of the loan.


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Journal entries for Zinabu Nusiru


Loan has been disbursed
 
Entrepreneur: Zinabu Nusiru
Location: Oda, Ghana

Thank you for your loan. It has been disbursed to Zinabu Nusiru 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 Zinabu Nusiru

  Expected Repayments Actual Repayments Comments
July 2009 $57.50 $57.50 Repayment Received
August 2009 $115.00 $115.00 Repayment Received
September 2009 $115.00 $115.00 Repayment Received
October 2009 $115.00 $115.00 Repayment Received
November 2009 $115.00 $115.00 Repayment Received
December 2009 $57.50 $57.50 Repayment Received