Margaret Bonniey


Status: Paid Back

$575.00   Loan Request
$575.00   Paid Back

About the Entrepreneur

Name: Margaret Bonniey
Location: Oda, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $575.00
Loan Use: To buy more raw materials like bags of maize, baskets of cassava, plantain, meat, fish and firewood
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



Margaret Bonniey started her local restaurant 20 years ago in Takroase, a suburb of Akim Oda, where she lives. Takroase is a mining community where most of the young ones have occupied themselves with the mining business. She identified the opportunity of providing food when she realized people need good, tasty meals to satisfy their hunger. Since then, she has become one of the most popular food vendors in her neighborhood.


She is now 38 years old and married with eight children. Six of her children are in school while the rest are working. She serves many kinds of local dishes like fufu, banku and fried fish, among others. Fufu is prepared from pounded cassava and plantain, taken with soup. Banku is prepared from milled maize grains and it is taken with hot pepper or soup.


She says demand for her food is increasing but her problem has to do with funds to buy more raw materials. She requests a loan to buy increased supplies of cassava, maize, fish, firewood, etc., to upgrade her inventory. She would be grateful for your assistance. Margaret belongs to a village bank called 1st kings.


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Journal entries for Margaret Bonniey


Loan has been disbursed
 
Entrepreneur: Margaret Bonniey
Location: Oda, Ghana

Thank you for your loan. It has been disbursed to Margaret Bonniey 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 Margaret Bonniey

  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