Mary Kumi


Status: Paid Back

$575.00   Loan Request
$575.00   Paid Back

About the Entrepreneur

Name: Mary Kumi
Location: Dormaa, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $575.00
Loan Use: To buy maize in bulk
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 23, 2009
Date Disbursed: May 14, 2009
Date Funded:May 23, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4324 GHS = 1 USD



Mary Kumi is fifty-two years old. She is married and has four children, one son and three daughters. She says some are in senior high school while others are in a polytechnic. She lives with her children and husband in a family house in a town called Kofiase. Kofiase is a farming/trading community near Dormaa, the district capital, in the Brong Ahafo region. Her husband is a farmer.


Mary is a food vendor. She prepares and sells kenkey. Kenkey is prepared from corn dough. It is served hot with ground pepper and fried fish. She prepares the food in her house of residence and hawks to sell in her community. She procures bags of maize from the nearby communities. Mary also deals in all kinds of utensils. She has been in business for over ten years and wants a loan to procure bags of maize in bulk. She is hoping to expand her business and give her children the best education she can afford.


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Journal entries for Mary Kumi


Loan has been disbursed
 
Entrepreneur: Mary Kumi
Location: Dormaa, Ghana

Thank you for your loan. It has been disbursed to Mary Kumi 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 Dormaa, Ghana
May 24, 2009
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Kiva Help Repayment Schedule for Mary Kumi

  Expected Repayments Actual Repayments Comments
August 2009 $57.50 $57.50 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 $172.50 $172.50 Repayment Received