Gifty Mensah


Status: Paid Back

$575.00   Loan Request
$575.00   Paid Back

About the Entrepreneur

Name: Gifty Mensah
Location: Tema, Ghana
Activity: Used Clothing

About the Loan

Loan Amount: $575.00
Loan Use: GIfty would like to buy more bails of second hand clothes to resell.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 17, 2008
Date Disbursed: May 5, 2008
Date Funded:Apr 21, 2008
Loan Ended:Jan 20, 2009

About the Country

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



Gifty is forty two years old and the mother of three children, who are all currently in school. She has sold second (used) clothing for the past five years. Gifty buys her clothes from Accra and resells them in her community. She wants to use her loan to buy more bails of used clothing from Accra.

She is a member of the group called “Awurade Aye” (meaning God has done it). Members agree in principle to guarantee for each other as social collateral in repaying the loan.


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Journal entries for Gifty Mensah


Loan has been disbursed
 
Entrepreneur: Gifty Mensah
Location: Tema, Ghana

Thank you for your loan. It has been disbursed to Gifty Mensah 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
May 5, 2008
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Kiva Help Repayment Schedule for Gifty Mensah

  Expected Repayments Actual Repayments Comments
August 2008 $95.84 $96.00 Repayment Received
September 2008 $95.84 $96.00 Repayment Received
October 2008 $95.84 $96.00 Repayment Received
November 2008 $95.84 $96.00 Repayment Received
December 2008 $95.84 $96.00 Repayment Received
January 2009 $95.80 $94.98 Repayment Received
March 2009 $0.00 $0.02