Margaret Aidoo


Status: Paid Back

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

About the Entrepreneur

Name: Margaret Aidoo
Location: Mankessim, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,025.00
Loan Use: To buy more raw materials for her restaurant and food shop, like bags of maize and baskets of cassava.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 23, 2008
Date Disbursed: Jun 6, 2008
Date Funded:May 23, 2008
Loan Ended:Mar 16, 2009

About the Country

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



Margaret Aidoo is a fifty two year old widow and mother of five children. She believes in hard work and dedication and that is the secret of her success. She owns and operates a local restaurant and sells local foods like fufu, banku, ampesi, and rice balls.



Fufu is prepared from pounded cassava and plantain and eaten with soup. Banku is prepared from milled maize grains and eaten with hot pepper or soup. Ampesi is a boiled plantain or yam and is eaten with any stew.



She wants to use this loan to buy more raw materials, like bags of maize, baskets of cassava, plantain, meat, fish, vegetables and firewood. She belongs to the community group called Nyame Boafo Trust Group. In this group, members guarantee for one another as social collateral and act as peer pressure to repay the loan.



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Journal entries for Margaret Aidoo


Loan has been disbursed
 
Entrepreneur: Margaret Aidoo
Location: Mankessim, Ghana

Thank you for your loan. It has been disbursed to Margaret Aidoo by Sinapi Aba Trust in Ghana. We are excited to watch this business grow. Over the next 8 months, Sinapi Aba Trust will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mankessim, Ghana
Jun 7, 2008
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Kiva Help Repayment Schedule for Margaret Aidoo

  Expected Repayments Actual Repayments Comments
September 2008 $128.12 $129.00 Repayment Received
October 2008 $128.12 $129.00 Repayment Received
November 2008 $128.12 $129.00 Repayment Received
December 2008 $128.12 $129.00 Repayment Received
January 2009 $128.12 $124.64 Repayment Received
February 2009 $128.12 $128.12 Repayment Received
March 2009 $128.12 $128.12 Repayment Received
April 2009 $128.16 $128.12 Repayment Received