Mary Mensah

Status: Paid Back

$425.00		Loan Request
$425.00		Paid Back

About the Entrepreneur

Name:	Mary Mensah
Location:	Obuasi, Ghana
Activity:	Food Market

About the Loan

Loan Amount:	$425.00
Loan Use:	To buy maize and rice in large quantities
Repayment Term:	10 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Apr 2, 2008
Date Disbursed:	Apr 16, 2008
Date Funded:	Apr 2, 2008
Loan Ended:	Jan 15, 2009

About the Field Partner

Field Partner:

Sinapi Aba Trust (SAT)

Field Partner Risk Rating:

(Learn more)

Active

24 months

5558

$2,913,700

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:	0.9928 GHS = 1 USD

Mary is the mother of three children and grandmother of seven grandchildren. She has been selling maize, rice, palm nuts, bananas and charcoal for 10 years. With her loan, Mary hopes to begin buying maize and rice in larger quantities to avoid buying on credit and to guard against price inflation. In addition to using the profits of her business to expand her operations, she also wants to use the profits to begin saving for her grandchildren’s school fees.

Mary is a member of the trust group Exodus. The trust group uses peer pressure as a type of social collateral that ensures each member repays their share of the loan.

Lenders to this entrepreneur

Lydia
North Scituate, RI
United States

Jeremy

Skoot
Paris,
France

Mary
New York, NY
United States

Yinghsiu
Rockville, MD
United States

Deborah
New York, NY
United States

Nate & Jen
Fort Meade, MD
United States

Yolanda & Luit
Groningen, Groningen
Netherlands

Anne
Seattle, WA
United States

Lili

Jim & Diane
Collegeville, PA
United States

Journal entries for Mary Mensah

Loan has been disbursed Entrepreneur: Mary Mensah Location: Obuasi, Ghana Thank you for your loan. It has been disbursed to Mary Mensah by Sinapi Aba Trust in Ghana. We are excited to watch this business grow. Over the next 8 months, Sinapi Aba Trust will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Obuasi, Ghana Apr 17, 2008
Comment on this entry

Update on Mary Mensah Entrepreneur: Mary Mensah Location: Obuasi, Ghana In the words of Mary Mensah “I was looking forward to increase my working capital so I could procure more goods and increase my profit. Thanks to the hands that supports low level and medium income earners. I have been able to realize this dream”. She is happy and thankful for the support. She has been able to purchase more stock of charcoal, vegetable oil and added the sale of onions. This year, she is praying for a more favorable business atmosphere, to enable her to make more profit and also be able to support her children in school. Mary has successfully completed repayment and hopeful to pick up another loan soon. She is still hopeful of making bigger economic gains. She says, many thanks to her lenders and prays for God’s favor and blessings for them.
Posted by Frank Owusu-Boakye from Obuasi, Ghana Jan 28, 2009
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Repayment Schedule for Mary Mensah

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	Expected Repayments	Actual Repayments	Comments
July 2008	$53.12	$54.00	Repayment Received
August 2008	$53.12	$54.00	Repayment Received
September 2008	$53.12	$54.00	Repayment Received
October 2008	$53.12	$54.00	Repayment Received
November 2008	$53.12	$54.00	Repayment Received
December 2008	$53.12	$54.00	Repayment Received
January 2009	$53.12	$47.90	Repayment Received
February 2009	$53.16	$53.10	Repayment Received