Emma Gyasi


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Emma Gyasi
Location: Drobo, Ghana
Activity: Pharmacy

About the Loan

Loan Amount: $625.00
Loan Use: To buy more inventory for a pharmacy
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 1, 2008
Date Disbursed: Apr 15, 2008
Date Funded:Apr 1, 2008
Loan Ended:Oct 17, 2008

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9928 GHS = 1 USD



Emma is 52-year-old widow with six children living in Drobo, Ghana. For the past two decades, she has earned a living running a pharmacy with her husband, but after he passed away, the business began to struggle. Here, she is pictured with one of her sons in the store.



Emma is applying for a loan of $625 U.S. dollars to buy more inventory, such as anti-malaria pills, pain killers, cough syrups. She hopes to expand the store so that she may pay for her children's education. Two of her children are currently in college studying nursing and they rely on Emma's help.



Emma is a member of the group called Magdalene. The group uses the peer pressure principle on members to re-pay part of their loan amount.


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Journal entries for Emma Gyasi


Loan has been disbursed
 
Entrepreneur: Emma Gyasi
Location: Drobo, Ghana

Thank you for your loan. It has been disbursed to Emma Gyasi 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 Drobo, Ghana
Apr 16, 2008
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Kiva Help Repayment Schedule for Emma Gyasi

  Expected Repayments Actual Repayments Comments
July 2008 $104.17 $105.00 Repayment Received
August 2008 $104.17 $105.00 Repayment Received
September 2008 $104.17 $105.00 Repayment Received
October 2008 $104.17 $105.00 Repayment Received
November 2008 $104.17 $105.00 Repayment Received
December 2008 $104.15 $100.00 Repayment Received