Isaac Braima


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Entrepreneur

Name: Isaac Braima
Location: Ejura, Ghana
Activity: Tailoring

About the Loan

Loan Amount: $550.00
Loan Use: To procure tailoring materials that will allow him to expand his business.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 17, 2009
Date Disbursed: May 6, 2009
Date Funded:May 17, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4613 GHS = 1 USD



Isaac Braima, 30 years old and single, lives with his younger brother in a rented apartment at Ejura, a farming community in the Ashanti region of Ghana. Isaac has been a tailor for the past five years. He owns a shop where his clients bring their clothes and prescribe a style to be sewn, and through this business he takes care of his younger brother at school.



He is requesting a loan to procure clothing materials, gadgets, threads, thimbles etc. to expand his operations, leading to an increased income that will allow him to accomplish his dream of sponsoring his brother’s education to the tertiary level and settling down.



Isaac is a member of a community group called Tailors Trust Group. In this group, members guarantee one another as social collateral to access loans and provide support and assistance in handling repayment of the loans.




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Journal entries for Isaac Braima


Loan has been disbursed
 
Entrepreneur: Isaac Braima
Location: Ejura, Ghana

Thank you for your loan. It has been disbursed to Isaac Braima 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 Ejura, Ghana
May 18, 2009
Comments (3)

Kiva Help Repayment Schedule for Isaac Braima

  Expected Repayments Actual Repayments Comments
August 2009 $55.00 $55.00 Repayment Received
September 2009 $165.00 $165.00 Repayment Received
October 2009 $110.00 $110.00 Repayment Received
November 2009 $110.00 $110.00 Repayment Received
December 2009 $110.00 $110.00 Repayment Received