Jimmy Afadzie
Status: Paid Back
| $1,000.00 | Loan Request | |
|---|---|---|
| $1,000.00 | Paid Back |
About the Entrepreneur
| Name: | Jimmy Afadzie |
|---|---|
| Location: | Cape Coast, Ghana |
| Activity: | Phone Accessories |
About the Loan
| Loan Amount: | $1,000.00 |
|---|---|
| Loan Use: | To buy phone cards and GSM units (credit) transfer chips. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 13, 2008 |
| Date Disbursed: | May 6, 2008 |
| Date Funded: | Apr 22, 2008 |
| Loan Ended: | Dec 16, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | Sinapi Aba Trust (SAT) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 5521 |
| Total Loans: | $2,890,550 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Ghana |
|---|---|
| Avg Annual Income: | $2,643.00 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.0050 GHS = 1 USD |
Many people in his community use mobile phones, but they are not able to buy units (credit). Therefore, he wants to use his loan to buy credit transfer chips to enable him to sell credit in smaller and cheaper units to mobile phone users. He wants to use the profit from his increased business to support his children, who are currently in the university.
Jimmy is a member of the group called "Anointed." Members agree in principle to guarantee for each other as social collateral to repay the loan.
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Journal entries for Jimmy Afadzie
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Loan has been disbursed
Location: Cape Coast, Ghana
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Posted by
from Cape Coast, Ghana
May 7, 2008 |
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Comments (1)
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Repayment Schedule for Jimmy Afadzie
Repayment Schedule for Jimmy Afadzie
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2008 | $166.67 | $167.00 |  Repayment Received
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| September 2008 | $166.67 | $167.00 | Repayment Received
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| October 2008 | $166.67 | $167.00 | Repayment Received
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| November 2008 | $166.67 | $167.00 | Repayment Received
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| December 2008 | $166.67 | $167.00 | Repayment Received
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| January 2009 | $166.65 | $165.00 | Repayment Received
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