Beauty


Status: Paying Back

$675.00   Loan Amount
16% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $675.00
Loan Use: To purchase raw materials like palm oil, soda powder, cocoa pods and coconut oil etc.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 2, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Sep 3, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4597 GHS = 1 USD



Beauty is 33 year old she is divorcee and mother of fourteen year daughter. She lives with her child. Currently her child is in the junior high school at the community educational complex. She works very hard as a single mother in providing for her child. She is a local manufacturer of Soaps for two 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 improved income to support her children education. It is her desire to provide quality education to the children and she would be grateful for that support.

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Journal entries for Beauty


Loan has been disbursed
 
Entrepreneur: Beauty
Location: Konongo, Ghana

Thank you for your loan. It has been disbursed to Beauty 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 Konongo, Ghana
Sep 4, 2009
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Kiva Help Repayment Schedule for Beauty

  Expected Repayments Actual Repayments Comments
December 2009 $112.50 $112.50 Repayment Received
January 2010 $112.50 Available Jan 1  
February 2010 $112.49 Available Feb 1  
March 2010 $112.50 Available Mar 1  
April 2010 $112.50 Available Apr 1  
May 2010 $112.51 Available May 1