Collins Kyeremeh


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

Name: Collins Kyeremeh
Location: Dorma Ahenkro, Ghana
Activity: Traveling Sales

About the Loan

Loan Amount: $650.00
Loan Use: To purchase used shoes, slippers, and sandals etc.
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 24, 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



Collins Kyeremeh is 27 years old. He is single and lives in his one-room apartment with his younger brother. He sells used footwear like slippers, sandals, shoes, and sometimes school bags. Collins has been in business for the last six years. He sells his products through hawking; he normally treks to sell in villages during their market days. Depending upon the amount of his goods, he employs up to three young boys who assist him in selling.




He needs the loan to enable him to inject more working capital into the business to scale up business progress. He believes the loan will help him to be more resourced to purchase good quality and large quantity to upgrade his inventory. With the loan, he wants to purchase assorted used shoes, sandals and slippers in bulk. He would be grateful for your assistance, and he belongs to the village bank called ‘House of faith’.


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Journal entries for Collins Kyeremeh


Loan has been disbursed
 
Entrepreneur: Collins Kyeremeh
Location: Dorma Ahenkro, Ghana

Thank you for your loan. It has been disbursed to Collins Kyeremeh 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 Dorma Ahenkro, Ghana
May 25, 2009
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Kiva Help Repayment Schedule for Collins Kyeremeh

  Expected Repayments Actual Repayments Comments
August 2009 $65.00 $65.00 Repayment Received
September 2009 $130.00 $130.00 Repayment Received
October 2009 $130.00 $130.00 Repayment Received
November 2009 $130.00 $130.00 Repayment Received
December 2009 $195.00 $195.00 Repayment Received