Evans Adu

Status: Paid Back

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

About the Entrepreneur

Name:	Evans Adu
Location:	Kasoa, Ghana
Activity:	Spare Parts

About the Loan

Loan Amount:	$1,025.00
Loan Use:	Evans would like to buy more clutch disks and pressure plates to sell.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Apr 15, 2008
Date Disbursed:	May 3, 2008
Date Funded:	Apr 19, 2008
Loan Ended:	Dec 16, 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:	0.9950 GHS = 1 USD

Evans is the thirty-four year old married father of a three year old son. His wife is a hairdresser. He has been selling auto parts of different kinds for over twelve years. He will use the loan proceeds to purchase more clutch disks and pressure plates from Korea and Canada. In Ghana there are no auto parts stores, but there is a high demand for parts as the taxi networks are the main transportation option. His stand operates in an area of Accra called Abossey-Okai that is a conglomeration of hundreds of entrepreneurs who each sell specific auto parts.

Evans hopes that he is able to increase his sales volume and can set aside more money to prepare for his sonr’s school fees. Evans is a member of the lending group Respect. The lending group works as a type of social collateral where each member of the group applies pressure on other members to ensure repayment.

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Fabienne & Hugues
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Ron
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Andre
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Yemisi
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Jenny
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Tim
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Daniel Barragan
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William
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Scott
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Marc
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William
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Robbie Leff
Austin, TX
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Anonymous
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Sabina
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Andy
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linda
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Eileen
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Karla
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Mary

Kelv
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Ben

Journal entries for Evans Adu

Loan has been disbursed Entrepreneur: Evans Adu Location: Kasoa, Ghana Thank you for your loan. It has been disbursed to Evans Adu 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 Kasoa, Ghana May 4, 2008
Comment on this entry

Thank you all for your financial support Entrepreneur: Evans Adu Location: Kasoa, Ghana Evans is very happy to be part of Kiva and lenders family. He says that the loan has helped him a lot and wants to express his sincere and heart felt thanks to all who loan him money to inject into his automoblie spare parts business. He says the business is lucrative if one invest in the right goods. But retraited and said that currently the market is slow due to high prices in the products. He strongly believes that market would pick up as the harvest season is approaching, many cargo drivers would need spare parts for their vehicles to make them road worthy to cart foodstuffs from the hinterlands of Ghana. He says his daughter is doing very well and he has increased savings for her future devlopment.
Posted by Joshua Opoku-Mainoo from Kasoa, Ghana Aug 7, 2008
Comment on this entry

Repayment Schedule for Evans Adu

Show Advanced

	Expected Repayments	Actual Repayments	Comments
August 2008	$170.84	$171.00	Repayment Received
September 2008	$170.84	$171.00	Repayment Received
October 2008	$170.84	$171.00	Repayment Received
November 2008	$170.84	$171.00	Repayment Received
December 2008	$170.84	$171.00	Repayment Received
January 2009	$170.80	$170.00	Repayment Received