Margaret Mensah


Status: Paid Back

$575.00   Loan Request
$575.00   Paid Back

About the Entrepreneur

Name: Margaret Mensah
Location: Obuasi, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $575.00
Loan Use: To buy more bags of rice, beans, beans, peppers and groundnuts.
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 18, 2008
Date Disbursed: Jul 2, 2008
Date Funded:Jun 18, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.0648 GHS = 1 USD




Margaret Mensah is 42 years old. She is married and has two twin boys and two girls. At the moment, the two twin boys have completed junior high school and are ready to enter senior high school. Margaret, a food vendor, sells cooked rice with palm nut soup. She also sells groundnuts, tomatoes, peppers and beans in the community market. She wants to use the loan to buy more bags of rice, beans, beans, peppers and groundnuts to increase her stock. Margaret believes the loan will increase her working capital and offer her the opportunity to increase production and help finance her children’s educations. She belongs to the community group called “Megyefo Tease” (My Redeemer Lives) Trust Group. In this group, members are social collateral for one another to help access loans and to encourage loan repayments.


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Lenders to this entrepreneur

Margaret kivafriends.org
Fairfield County, Connecticut
United States

Harpreet
Fresno, CA
United States

Joyce
Cold Spring, KY
United States

Tue & Stina
Odense,
Denmark

The Wilkens
Oak Park, IL
United States

Anonymous
Santa Rosa, CA
United States

Anonymous

Beatriz
New York, NY
United States

Claudia
Carmel, In
United States

Bette
Winter Park, FL
United States

Anonymous
La Jolla, CA
United States

Charles & Leah
Hillsborough, NC
United States



Journal entries for Margaret Mensah


Loan has been disbursed
 
Entrepreneur: Margaret Mensah
Location: Obuasi, Ghana

Thank you for your loan. It has been disbursed to Margaret Mensah 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 2, 2008
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Kiva Help Repayment Schedule for Margaret Mensah

  Expected Repayments Actual Repayments Comments
October 2008 $71.88 $72.00 Repayment Received
November 2008 $71.88 $72.00 Repayment Received
December 2008 $71.88 $72.00 Repayment Received
January 2009 $71.88 $71.50 Repayment Received
February 2009 $71.88 $71.88 Repayment Received
March 2009 $71.88 $71.88 Repayment Received
April 2009 $71.88 $71.88 Repayment Received
May 2009 $71.84 $71.86 Repayment Received