Azuma


Status: Paying Back

$500.00   Loan Amount
0% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Azuma
Location: Mampong, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $500.00
Loan Use: To purchase maize and other ingredients.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 25, 2009
Date Disbursed: Oct 16, 2009
Date Funded:Oct 25, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4400 GHS = 1 USD



Azuma, age forty eight, is a widow and the mother of five children who are currently in school. She is a very hard working and resourceful mother. She works to support her children’s education to provide them with a better opportunity in life in the future. Azuma prepares and sells maize porridge together with milk and doughnuts. For the past ten years, Azuma has been supporting her family with income from this business. She found it necessary to add a second business of selling dried cassava to supplement her income when her husband died. With the loan, she wants to buy ingredients like maize, milk, sugar etc. in bulk. Being able to buy in bulk is advantageous because it is a hedge against price hikes and also helps avoid frequent travels to fill demand. She hopes to use part of her profit to finance the education of her children.

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Journal entries for Azuma


Loan has been disbursed
 
Entrepreneur: Azuma
Location: Mampong, Ghana

Thank you for your loan. It has been disbursed to Azuma 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 Mampong, Ghana
Oct 26, 2009
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Kiva Help Repayment Schedule for Azuma

  Expected Repayments Actual Repayments Comments
January 2010 $83.34 Available Jan 1  
February 2010 $83.33 Available Feb 1  
March 2010 $83.34 Available Mar 1  
April 2010 $83.33 Available Apr 1  
May 2010 $83.34 Available May 1  
June 2010 $83.32 Available Jun 1