Margaret


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: Margaret
Location: Sefwi Wiawso, Ghana
Activity: Food Market

About the Loan

Loan Amount: $550.00
Loan Use: To buy a bulk supply of salt
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 17, 2009

About the Country

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



Margaret sells salt in bulk taking delivery of stock from Kumasi, which is a nearby city. She says the price of salt has increased quickly, making it difficult to buy more bags. She is 55 years old, married and the mother of four children. All of her children are in senior high and junior high schools. She is requesting this loan to buy more salt from the market of Kumasi. It is her dream to provide quality education for her children.

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Journal entries for Margaret


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

Thank you for your loan. It has been disbursed to Margaret 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 18, 2009
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Kiva Help Repayment Schedule for Margaret

  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