El - Shadai Group


Status: Paying Back

$1,400.00   Loan Amount
16% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: El - Shadai Group
Group Members: agyei
stella
alice
robert
Location: Sefwi Wiawso, Ghana
Activity: Hardware

About the Loan

Loan Amount: $1,400.00
Loan Use: To buy stock
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 25, 2009
Date Disbursed: Sep 14, 2009
Date Funded:Oct 20, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4480 GHS = 1 USD




Agyei is forty – two years old. She is married and has four children. She lives with her husband and children in a rented apartment in a town called Wiawso in the Western Region of Ghana. Wiawso is a commercial and farming town. Agyei is a trader. He deals in hard wares such as cement, paints, etc. He is the leader of a trust bank group called El – Shadai. The group members are engaged either in farming and/or trading activities. They sell/supply in their local market and nearby communities. They sometimes trek to nearby community markets. They want a loan to buy goods in bulk to expand their businesses.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for El - Shadai Group


Loan has been disbursed
 
Entrepreneur: El - Shadai Group
Location: Sefwi Wiawso, Ghana

Thank you for your loan. It has been disbursed to El - Shadai Group, consisting of agyei, stella, alice, robert 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
Oct 21, 2009
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Kiva Help Repayment Schedule for El - Shadai Group

  Expected Repayments Actual Repayments Comments
December 2009 $233.33 $233.33 Repayment Received
January 2010 $233.33 Available Jan 1  
February 2010 $233.33 Available Feb 1  
March 2010 $233.33 Available Mar 1  
April 2010 $233.33 Available Apr 1  
May 2010 $233.35 Available May 1