Adwoa Nyarkowaa


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Adwoa Nyarkowaa
Location: Mankessim, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $500.00
Loan Use: To buy more raw materials like maize, meat, fish, vegetables and firewood
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 21, 2009
Date Disbursed: May 6, 2009
Date Funded:May 22, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4564 GHS = 1 USD



Adwoa Nyarkowaa is a 60 year old woman, married, and the mother of five children. All of them are independent except the last born who is currently in school.

Through hard work, Adwoa provides support for her kids education. She is a food vendor who has sold kenkey in her neighborhood for the past twenty years. Kenkey is prepared from milled maize grains, cooked and taken with hot pepper, gravy stew or any kind of soup and fried fish or meat. She has many customers since many Ghanaians enjoy kenkey as breakfast, lunch and supper.

With the loan, Adwoa wants to buy more raw materials like bags of maize, meat, fish, vegetables and firewood. As part of her business expansion, Adwoa has added cooked rice and stew to her product line. When asked, she said most of her customers request the rice so she saw it as an opportunity.

She hopes to raise more income to allow her child to enter university. She belongs to the community group called “Eye Adom” Trust Group. In this group, members guarantee for one another and provide assistance to one another in handling repayment of the loan.


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Journal entries for Adwoa Nyarkowaa


Loan has been disbursed
 
Entrepreneur: Adwoa Nyarkowaa
Location: Mankessim, Ghana

Thank you for your loan. It has been disbursed to Adwoa Nyarkowaa 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 23, 2009
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Kiva Help Repayment Schedule for Adwoa Nyarkowaa

  Expected Repayments Actual Repayments Comments
August 2009 $50.00 $50.00 Repayment Received
September 2009 $150.00 $150.00 Repayment Received
October 2009 $100.00 $100.00 Repayment Received
November 2009 $100.00 $100.00 Repayment Received
December 2009 $100.00 $100.00 Repayment Received