Grace Afful


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Grace Afful
Location: Oda, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $700.00
Loan Use: To expand store inventory
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



Grace Afful is 28 years old. She is married and has three children. All her children are still in school and her husband is a buyer and seller of diamonds. She lives with her family in a village called Takroase in the eastern region of Ghana. Grace is very hardworking and supportive to her husband in providing food and shelter for her household.


She owns and operates a grocery shop in her neighborhood which stocks items like sugar, vegetable oil, bottled water, skimmed powdered milk and biscuits etc. It has been her dream to make an expansion by adding other foodstuffs to her existing products. With the loan, she wants to purchase more crates of assorted drinks, bags of sugar, cartons of vegetable oil, boxes of biscuits and foodstuffs like tomatoes, smoked fish, dried fish, onions, spices, groundnuts etc. to increase her inventory. She hopes to improve her savings to support her husband in taking care of the children's educational needs. She has been in this business for six years now. Grace belongs to a village bank called 1st Kings.


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Journal entries for Grace Afful


Loan has been disbursed
 
Entrepreneur: Grace Afful
Location: Oda, Ghana

Thank you for your loan. It has been disbursed to Grace Afful 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
Comment on this entry

Kiva Help Repayment Schedule for Grace Afful

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