Afadule Awuteh


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Afadule Awuteh
Location: Nkawkaw, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $525.00
Loan Use: To buy more bags of maize, beef, and frozen fish.
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 27, 2008
Date Disbursed: May 11, 2008
Date Funded:Apr 27, 2008
Loan Ended:Dec 16, 2008

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:0.9928 GHS = 1 USD



Afadule Awuteh is fifty-eight years old and the mother of five children. She is a food vendor. She prepares and sells local foods like banku, which is prepared from maize and eaten with either peanut or palm nut soups. She has a lot of customers because her meals are very delicious and nutritious. Through the business, she has managed to send three of her children to learn apprenticeships to provide them with better skills to earn a living. She wants to use the loan to buy more bags of maize, cartons of frozen fish, palm fruits, peanut butter, spices, etc., to avoid price hikes and also to increase sales. She plans to save from her income to build a house for her family. Afadule has a personal guarantor to repay the loan in case of default.

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Journal entries for Afadule Awuteh


Loan has been disbursed
 
Entrepreneur: Afadule Awuteh
Location: Nkawkaw, Ghana

Thank you for your loan. It has been disbursed to Afadule Awuteh 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 Nkawkaw, Ghana
May 12, 2008
Comment on this entry

I am very grateful to my lenders.
 
Entrepreneur: Afadule Awuteh
Location: Nkawkaw, Ghana

Afadule was visited by our team last week at her business premise to enquire about progress of work. These are her words to her favorate lenders.

"Dear lenders, I wish you God's blessing and divine prosperity for your cherished kindness and empowerment. For turning my business fortune wheel to see more light and progress, I am very proud of you.

I used to worry because my business was sinking into darkness. Prices of all food commodities have risen more than twice and I could no longer afford to buy raw materials like maize and vegetables to prepare quality meals for my customers. I began to loose customers but for your timely intervention, my business is revived and progressing. Now, I have in possession bulk of maize, meat and vegetables to boost production. Thanks to my lenders!

Many thanks to you all for such gesture. May God bless you more to enable you extend such help to other needy ones".


Posted by Frank Owusu-Boakye from Nkawkaw, Ghana
Aug 12, 2008
Comment on this entry

Kiva Help Repayment Schedule for Afadule Awuteh

  Expected Repayments Actual Repayments Comments
August 2008 $87.50 $88.00 Repayment Received
September 2008 $87.50 $88.00 Repayment Received
October 2008 $87.50 $88.00 Repayment Received
November 2008 $87.50 $88.00 Repayment Received
December 2008 $87.50 $88.00 Repayment Received
January 2009 $87.50 $85.00 Repayment Received