Charity Dumakor


Status: Paid Back

$925.00   Loan Request
$925.00   Paid Back

About the Entrepreneur

Name: Charity Dumakor
Location: Tema, Ghana
Activity: Charcoal Sales

About the Loan

Loan Amount: $925.00
Loan Use: To buy more charcoal and frozen products like fish and chicken
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 11, 2008
Date Disbursed: Apr 25, 2008
Date Funded:Apr 11, 2008
Loan Ended:Oct 29, 2008

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9950 GHS = 1 USD



Charity is thirty-three years old and the mother of three children. Two of her children are currently in school. She has been selling frozen products like fish, chicken and beef, and charcoal for the past year. Charity travels from place to place selling frozen products in the mornings and evenings.

She wants to use her new loan to buy more frozen products and bags of charcoal.



Charity is a member of the group called Shepherd. Members agree to use peer pressure on each other as social collateral to repay the loan.



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Journal entries for Charity Dumakor


Loan has been disbursed
 
Entrepreneur: Charity Dumakor
Location: Tema, Ghana

Thank you for your loan. It has been disbursed to Charity Dumakor 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
Apr 26, 2008
Comment on this entry

Charity is very grateful.
 
Entrepreneur: Charity Dumakor
Location: Tema, Ghana

Charity wishes to express her profound gratitude to her lenders for their hearts so kind. Charity sells frozen fish and beef plus charcoal to support her family with income. An amount of $925 which was disbursed to her enabled her to inject more working capital into her business to purchase more fish and beef as well as charcoal. She says her business has taken a new face since the loan came into her life.

Charity has improved her income considerably over the last six months she added on the loan capital. She is able to adequately support her family feeding and bills. She happily said she is able to feed her family with three square nutritious meals every day. Her last kid has started school and she support her husband in paying for their fees on regular basis.

At the moment, she has completed repayment successfully and desires to pick up another loan in the next couple of months for feather expansion.

She says she is more than grateful to all the nice people who dash her the loan to lift her business from grass to grace.


Posted by Frank Owusu-Boakye from Tema, Ghana
Jan 9, 2009
Comment on this entry

Kiva Help Repayment Schedule for Charity Dumakor

  Expected Repayments Actual Repayments Comments
July 2008 $154.17 $155.00 Repayment Received
August 2008 $154.17 $155.00 Repayment Received
September 2008 $154.17 $155.00 Repayment Received
October 2008 $154.17 $155.00 Repayment Received
November 2008 $154.17 $155.00 Repayment Received
December 2008 $154.15 $150.00 Repayment Received