Beatrice Duodu


Status: Paid Back

$675.00   Loan Request
$675.00   Paid Back

About the Entrepreneur

Name: Beatrice Duodu
Location: Obuasi, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $675.00
Loan Use: To buy more raw materials like bags of maize, meat, fish, vegetables and firewood.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 25, 2008
Date Disbursed: Jul 10, 2008
Date Funded:Jun 26, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.0677 GHS = 1 USD



Beatrice Duodu is forty one years old. She is married with four children who are currently school. She is a food vendor and sells banku. Banku is prepared from milled maize grains, cooked and taken with hot pepper plus fried fish or soup. She does her banku in a unique way. She packages it and sells to her customers at their door step. This strategy has really worked for her because she has lots of regular and new customers daily.

She wants to use the loan to buy more raw materials like bags of maize, meat, fish, vegetables and firewood to further her production. She hopes to raise good income to support her children’s education. She belongs to the community group called “Sore hyiren” (Arise and shine) Trust Group. In this group, members guarantee for one another as social collateral to access loan and peer pressure to repay the loan. Beatrice is the photograph wearing top white blouse, together with her assistance.

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Journal entries for Beatrice Duodu


Loan has been disbursed
 
Entrepreneur: Beatrice Duodu
Location: Obuasi, Ghana

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


Posted by from Obuasi, Ghana
Jul 10, 2008
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Kiva Help Repayment Schedule for Beatrice Duodu

  Expected Repayments Actual Repayments Comments
October 2008 $84.38 $85.00 Repayment Received
November 2008 $84.38 $85.00 Repayment Received
December 2008 $84.38 $85.00 Repayment Received
January 2009 $84.38 $82.49 Repayment Received
February 2009 $84.38 $84.38 Repayment Received
March 2009 $84.38 $84.38 Repayment Received
April 2009 $84.38 $84.38 Repayment Received
May 2009 $84.34 $84.37 Repayment Received