Comfort


Status: Paying Back

$700.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Comfort
Location: Agona Swedru, Ghana
Activity: Used Clothing

About the Loan

Loan Amount: $700.00
Loan Use: To purchase used clothes in bulk.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 24, 2009
Date Disbursed: Oct 15, 2009
Date Funded:Oct 24, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4393 GHS = 1 USD



Comfort, a responsible 40-year-old married mother of five children, has her children's needs and welfare at heart. Currently, two children have completed school and are working while her other three are still in school. Comfort is a trader selling used clothes, popular with many people, and thus she has many customers. However, due to only a small amount of working capital, she can barely sell enough to make a reasonable profit; therefore, she is requesting a loan to buy more bales of used clothes in order to increase her income to better meet her family's needs.



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Journal entries for Comfort


Loan has been disbursed
 
Entrepreneur: Comfort
Location: Agona Swedru, Ghana

Thank you for your loan. It has been disbursed to Comfort 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 Agona Swedru, Ghana
Oct 25, 2009
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Kiva Help Repayment Schedule for Comfort

  Expected Repayments Actual Repayments Comments
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 $116.67 Available May 1  
June 2010 $116.65 Available Jun 1