Elizabeth Nyamekye


Status: Paid Back

$650.00   Loan Request
$650.00   Paid Back

About the Entrepreneur

Name: Elizabeth Nyamekye
Location: Dorma Ahenkro, Ghana
Activity: Charcoal Sales

About the Loan

Loan Amount: $650.00
Loan Use: To buy a bulk supply of charcoal.
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



Elizabeth is a 50-year-old mother of seven children who are schooling. She is very hard-working and resourceful to her family. She trades in firewood in her neighborhood. Firewood is a very popular source of energy for cooking in almost all Ghanaian traditional homes, but it is mostly used buy those who produce food in larger quantities.



Elizabeth obtains her supply of firewood from the surrounding villages of Dorma and retails it to her customers. She wants to use the loan to buy a bulk supply of firewood to increase her inventory. She hopes the loan will enable her to increase savings to pay her children's education fees. She would be grateful for your assistance and belongs to a village bank called ‘Unity’.


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Journal entries for Elizabeth Nyamekye


Loan has been disbursed
 
Entrepreneur: Elizabeth Nyamekye
Location: Dorma Ahenkro, Ghana

Thank you for your loan. It has been disbursed to Elizabeth Nyamekye 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 24, 2009
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Kiva Help Repayment Schedule for Elizabeth Nyamekye

  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