Ama


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: Ama
Location: Dormaa, Ghana
Activity: Food Market

About the Loan

Loan Amount: $700.00
Loan Use: To buy cartons of frozen foods like fish, chicken, mutton, etc.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 27, 2009
Date Disbursed: Oct 22, 2009
Date Funded:Oct 27, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4371 GHS = 1 USD



Ama is 70 years old, a widowed mother with six children. Currently, her last born is in school, while the rest are independent. Ama sells frozen foods like chicken, pork, mutton, fish, meat, and sausages in the local market and has been in business for the last 15 years. She does not have adequate funds to support her business. This has affected her operation, especially in the face of increasing food prices. With the loan, she wants to purchase more cartons of frozen foods like fish, chicken, pork, and other meats to enable her to raise enough income to expand her sales. She also wants to use part of her profit to acquire additional freezers to stock her products. She would be grateful for your support.



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Journal entries for Ama


Loan has been disbursed
 
Entrepreneur: Ama
Location: Dormaa, Ghana

Thank you for your loan. It has been disbursed to Ama 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 Dormaa, Ghana
Oct 28, 2009
Comments (1)

Kiva Help Repayment Schedule for Ama

  Expected Repayments Actual Repayments Comments
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 $116.67 Available Jun 1  
July 2010 $116.65 Available Jul 1