Rebecca Arthur


Status: Paid Back

$1,025.00   Loan Request
$1,025.00   Paid Back

About the Entrepreneur

Name: Rebecca Arthur
Location: Mankessim, Ghana
Activity: Food Market

About the Loan

Loan Amount: $1,025.00
Loan Use: To purchase eggs and egg containers
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 24, 2007
Date Disbursed: Dec 8, 2007
Date Funded:Nov 24, 2007
Loan Ended:May 25, 2008

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9777 GHS = 1 USD



Rebecca sells large quantities of eggs in a store near the busy Mankessim market. She started the store with $200 of her own money 13 years ago and now her profits are about $200 a week.


Rebecca will use her loan to purchase more eggs and egg containers. She tries to purchase her eggs from the local farms, but sometimes they do not produce enough, so she has to by them from a distributor. Her goal now is to diversify her products, so she does not have to depend on the eggs. She would like to carry chicken feed, pillows, and chop boxes (used for street vendors to store food).


Rebecca is a member of the lending group, Adom Hen. The group guarantees a loan through a group repayment pledge. Peer pressure and support provide the incentive to repay; if one person in the group defaults, the group members make up the payment amount


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Journal entries for Rebecca Arthur


Loan has been disbursed
 
Entrepreneur: Rebecca Arthur
Location: Mankessim, Ghana

Thank you for your loan. It has been disbursed to Rebecca Arthur by Sinapi Aba Trust in Ghana. We are excited to watch this business grow. Over the next 6 - 12 months, Sinapi Aba Trust will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Roslyn Wang from Mankessim, Ghana
Nov 25, 2007
Comment on this entry

Update on Rebecca's Business
 
Entrepreneur: Rebecca Arthur
Location: Mankessim, Ghana

This update is written by Dylan Higgins, a Kiva Fellow with Sinapi Aba Trust in Ghana.

We recently visited Rebecca's roadside store to get an update on her business. She was sitting around with friends and was very happy to see us. She reported that her profits have increased dramatically and she has now added chicken feed, pillows, and filtered drinking water to her inventory. When I asked if she had any complaints about the loan process, she only said she wanted larger loans!

Her Sinapi loan officer is on her right.


Posted by Joyce Owusu Dabo from Mankessim, Ghana
Apr 10, 2008
Comments (1)

Kiva Help Repayment Schedule for Rebecca Arthur

  Expected Repayments Actual Repayments Comments
February 2008 $0.00 $171.00  
March 2008 $170.84 $171.00 Repayment Received
April 2008 $170.84 $171.00 Repayment Received
May 2008 $170.84 $171.00 Repayment Received
June 2008 $170.84 $171.00 Repayment Received
July 2008 $170.84 $170.00 Repayment Received
August 2008 $170.80 $0.00 Repayment Received