Charlotte Koffie


Status: Paying Back

$400.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Charlotte Koffie
Location: Sefwi Wiawso, Ghana
Activity: Bakery

About the Loan

Loan Amount: $400.00
Loan Use: To buy baking materials
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 25, 2009
Date Disbursed: Jun 11, 2009
Date Funded:Jun 26, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.5066 GHS = 1 USD



Charlotte is 31 years old. She is a married woman with two children who are in the elementary school. She lives at Sefwi in the western part of Ghana with the family. She has been a baker for eight years now. She bakes and supplies them to her customers who come to buy from her stand. She supplies them by herself in the market center to her customers. She has managed to increase her market share through hard work and commitment. Her only problem now has to do with adequate funds to buy raw materials as prices are shooting up. She requests a loan to remain in business. With the loan, she wants to buy sugar, flour, margarine, yeast, firewood etc. with which she can provide for her family and most especially her children's education. She belongs to a village bank called ‘God’s time is the best.

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Journal entries for Charlotte Koffie


Loan has been disbursed
 
Entrepreneur: Charlotte Koffie
Location: Sefwi Wiawso, Ghana

Thank you for your loan. It has been disbursed to Charlotte Koffie 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 Sefwi Wiawso, Ghana
Jun 27, 2009
Comment on this entry

Kiva Help Repayment Schedule for Charlotte Koffie

  Expected Repayments Actual Repayments Comments
September 2009 $66.67 $66.67 Repayment Received
October 2009 $66.67 $66.67 Repayment Received
November 2009 $66.67 $66.67 Repayment Received
December 2009 $66.67 $66.67 Repayment Received
January 2010 $66.67 Available Jan 1  
February 2010 $66.65 Available Feb 1