Mary Arthur


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Mary Arthur
Location: Mankessim, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $700.00
Loan Use: buy more palm nuts and a small milling machine
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 19, 2009
Date Disbursed: May 12, 2009
Date Funded:May 19, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4458 GHS = 1 USD



Mary Arthur is 26 years old. She is married with three children. At the moment, they are all schooling. She has been a local manufacturer of palm oil for three years now. Palm oil is produced from palm nut fruits. The palm oil is processed through various stages to obtain the palm oil. Her production is on a small scale due to having inadequate capital to buy machines for processing.



Mary Arthur wants to use the loan to buy more palm nuts to increase her efficiency and produce in larger quantities. She believes this will help expand her business to raise more income to help her husband to provide food and finance her children’s education. She said she would be grateful for your assistance. She belongs to a village bank called ‘Power and might’.


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Journal entries for Mary Arthur


Loan has been disbursed
 
Entrepreneur: Mary Arthur
Location: Mankessim, Ghana

Thank you for your loan. It has been disbursed to Mary Arthur 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 Mankessim, Ghana
May 20, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mary Arthur

  Expected Repayments Actual Repayments Comments
August 2009 $70.00 $70.00 Repayment Received
September 2009 $140.00 $140.00 Repayment Received
October 2009 $140.00 $140.00 Repayment Received
November 2009 $210.00 $210.00 Repayment Received
December 2009 $140.00 $140.00 Repayment Received