Akua


Status: Paying Back

$700.00   Loan Amount
16% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $700.00
Loan Use: To buy raw materials for making fufu, banku and other local dishes
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 19, 2009
Date Disbursed: Sep 1, 2009
Date Funded:Sep 20, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4585 GHS = 1 USD



Akua is a 48-year-old local restaurant operator. She is divorced and has five kids and the one who is her last born is schooling.

Akua prepares and sells local foods like fufu, banku, and other local dishes. Fufu is prepared from pounded cassava and plantain, taken with all kinds of soup. Banku is prepared from milled maize grains and it is taken with hot pepper or soup. With her tasty meals she has attracted lots of customers in the area where she serves and therefore it has become necessary to employ additional hands to assist her in a food delivering service.

Akua says prices of raw materials have gone up significantly and she needs the support of a loan to enable her meet her production expenditures. With the loan, she wants to purchase more raw materials like bags of maize, baskets of cassava, plantain, meat, fish, vegetables and firewood to prepare her meals. She dreams of building a house for her children.


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Journal entries for Akua


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

Thank you for your loan. It has been disbursed to Akua 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
Sep 21, 2009
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Kiva Help Repayment Schedule for Akua

  Expected Repayments Actual Repayments Comments
December 2009 $116.67 $116.67 Repayment Received
January 2010 $116.67 Available Jan 1  
February 2010 $116.67 Available Feb 1  
March 2010 $116.67 Available Mar 1  
April 2010 $116.67 Available Apr 1  
May 2010 $116.65 Available May 1