Monica Dzokoto


Status: Paying Back

$675.00   Loan Amount
83% repaid

About the Entrepreneur

Name: Monica Dzokoto
Location: Goaso, Ghana
Activity: Food Market

About the Loan

Loan Amount: $675.00
Loan Use: To buy bags of groundnuts in bulk to sell.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 28, 2009
Date Disbursed: May 20, 2009
Date Funded:May 28, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4853 GHS = 1 USD



Monica Dzokoto is 38 years of age. She is single and has no children. She says she lives with her mother in a family house in a very busy commercial town called Goaso, in the Brong Ahafo Region of Ghana. Monica is a trader. She trades in groundnut paste. She buys bags of fresh groundnut from nearby farming communities, roasts it, sends it to the mill and sells the paste on a tabletop at the community market. She also supplies to food vendors in her community and treks to other towns to sell on their market days. Monica also sells other food items in addition to the groundnut paste. She has been in business for three years and wants a loan to procure bags of groundnut in bulk. She is hopeful to expand her business and increase her profit margin.

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Journal entries for Monica Dzokoto


Loan has been disbursed
 
Entrepreneur: Monica Dzokoto
Location: Goaso, Ghana

Thank you for your loan. It has been disbursed to Monica Dzokoto by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the 6 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 Goaso, Ghana
May 29, 2009
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update on monica dzokoto
 
Entrepreneur: Monica Dzokoto
Location: Goaso, Ghana

Monica sells fresh groundnut, groundnut paste and other food items. monica has been able to expand her market scope and thereby increasing her profit margin. she says the loan she took enabled her to procure bags of groundnut in bulk. she is now able to supply other retailers and food vendors (restaurant operator in particular). monica is very thankful to her lenders.


Posted by Thomas Sowah from Goaso, Ghana
Oct 29, 2009
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Kiva Help Repayment Schedule for Monica Dzokoto

  Expected Repayments Actual Repayments Comments
September 2009 $225.00 $225.00 Repayment Received
October 2009 $112.50 $112.50 Repayment Received
November 2009 $112.50 $112.50 Repayment Received
December 2009 $112.50 $112.50 Repayment Received
January 2010 $112.50 Available Jan 1