Martha


Status: Paying Back

$550.00   Loan Amount
49% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Martha
Location: Sefwi Wiawso, Ghana
Activity: Manufacturing

About the Loan

Loan Amount: $550.00
Loan Use: To purchase raw materials
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 14, 2009
Date Disbursed: Jul 7, 2009
Date Funded:Jul 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4999 GHS = 1 USD



Martha is 30 years old. She is married and the mother of six children. Currently all her children are schooling. She has been a local manufacturer of soaps for three years now. She combines materials like palm oil, soda powder, cocoa pods and coconut oil to obtain her soaps. She is not able to produce in large quantities for lack of funds. She wants to take advantage of the loan facility to buy more raw materials and processing equipment to scale up production. She hopes to raise her income to support her children's education. It is her desire to provide quality education to the children and would be grateful for that support.

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Journal entries for Martha


Loan has been disbursed
 
Entrepreneur: Martha
Location: Sefwi Wiawso, Ghana

Thank you for your loan. It has been disbursed to Martha 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
Jul 16, 2009
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Kiva Help Repayment Schedule for Martha

  Expected Repayments Actual Repayments Comments
October 2009 $91.66 $91.66 Repayment Received
November 2009 $91.66 $91.66 Repayment Received
December 2009 $91.66 $91.66 Repayment Received
January 2010 $91.66 Available Jan 1  
February 2010 $91.66 Available Feb 1  
March 2010 $91.70 Available Mar 1