Isaac Abiwu

Status: Paid Back

$925.00		Loan Request
$925.00		Paid Back

About the Entrepreneur

Name:	Isaac Abiwu
Location:	Tema, Ghana
Activity:	Timber Sales

About the Loan

Loan Amount:	$925.00
Loan Use:	To purchase wood
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Nov 30, 2007
Date Disbursed:	Dec 14, 2007
Date Funded:	Nov 30, 2007
Loan Ended:	Jun 14, 2008

About the Field Partner

Field Partner:

Sinapi Aba Trust (SAT)

Field Partner Risk Rating:

(Learn more)

Active

24 months

5521

$2,890,550

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Ghana
Avg Annual Income:	$2,643.00
Currency:	Ghana Cedis (GHS)
Exchange Rate:	0.9774 GHS = 1 USD

Isaac, 51, sells sawed wood at the Tema timber market. With the loan, Isaac will buy wood from the Eastern Region of Ghana. He will then process the wood to sell to furniture makers. Isaac’s business has expanded greatly over the past eight years. He now has five employees.

Isaac hopes to expand even more in the future. His passion is making furniture, not just processing the wood for other people to build furniture. If he has the time and capital, he will open a furniture store.

Isaac is a member of the lending group, Zion. 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.

Lenders to this entrepreneur

Claus-Peter
www.kivafriends.org,
Germany

Zeba

United States

Bill
Provo, UT
United States

Ballard High School
Huxley, Iowa
United States

Doba Kiva Fund
Orem, UT
United States

Stephen
Surrey, BC
Canada

Peter
kivafriends.org, Brighton, England
United Kingdom

Polonca
Garland, TX
United States

Jean-Louis
Zandvoort,
Netherlands

Howard & Jillian
Vence,
France

Tom & Judie
Minneapolis, MN
United States

Anonymous
Great Mills, MD
United States

Michael Messina
Des Moines, IA
United States

Paula
Durham, NC
United States

Michael
Waco, TX
United States

Anonymous
Danshui, R.O.C., Taipei County
Taiwan

Rikke
Copenhagen V,

Champlain College Class
Burlington, VT
United States

Thomas
München,
Germany

caroline
Whangarei, New Zealand
New Zealand

Kate, Jim, & Emma
Wayne, PA
United States

Adam
New Orleans, LA
United States

Millicent
Watertown, MA
United States

Core 11 Seton Hall
South Orange, NJ
United States

archie&margaret
waupaca, WI
United States

chiarula
Milan, MI
Italy

Journal entries for Isaac Abiwu

Loan has been disbursed Entrepreneur: Isaac Abiwu Location: Tema, Ghana Thank you for your loan. It has been disbursed to Isaac Abiwu by Sinapi Aba Trust in Ghana. We are excited to watch this business grow. Over the next 6 months, Sinapi Aba Trust will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Tema, Ghana Dec 14, 2007
Comment on this entry

Update on Isaac's Business Entrepreneur: Isaac Abiwu Location: Tema, Ghana This update is written by Dylan Higgins, a Kiva Fellow with Sinapi Aba Trust in Ghana. I visited Isaac's timber business with his loan officer Joanna. His business operates in the busy Tema timber market. When we arrived, Isaac was in the middle of a project hard at work. Several of his employees were there helping him. When he was able to step away, we found out that his business is doing very well and that he is still primarily selling timber for furniture. He also expressed that he still hopes to build his own furniture store one day. His Sinapi loan officer, Joanna, is pictured on the left.
Posted by Joyce Owusu Dabo from Tema, Ghana Apr 10, 2008
Comment on this entry

Repayment Schedule for Isaac Abiwu

Show Advanced

	Expected Repayments	Actual Repayments	Comments
March 2008	$154.17	$155.00	Repayment Received
April 2008	$154.17	$155.00	Repayment Received
May 2008	$154.17	$155.00	Repayment Received
June 2008	$154.17	$155.00	Repayment Received
July 2008	$154.17	$155.00	Repayment Received
August 2008	$154.15	$150.00	Repayment Received