Felicia Akrofi


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Felicia Akrofi
Location: Tema, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $525.00
Loan Use: To buy more supplies for her restaurant
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 15, 2008
Date Disbursed: Sep 3, 2008
Date Funded:Aug 20, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.1600 GHS = 1 USD



Felicia is a resourceful and enterprising forty-one-year-old businesswoman; she is married and blessed with four children. She has supported three children to graduate from high school through her business. She operates a local restaurant and sells local foods like "fufu" and "banku." (Fufu is prepared from pounded cassava and plantain and eaten with soup; banku is prepared from milled maize grains and is eaten with hot pepper or soup.)


Felicia says prices of raw materials have gone up significantly and she is no longer able to meet her production expenditure. She is seeking a loan to buy more raw materials like bags of maize, baskets of cassava, plantains, meat, fish, vegetables and firewood. Felicia is a member of Gold Trust Group. In this group, members provide support to one another and provide guarantees to repay the loan.


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Lenders to this entrepreneur

9b Sct. Nicolai skole
Køge,
Denmark

Steven
Seattle, WA
United States

Pamela
Cincinnati, OH
United States

AndyG
Sindelfingen,
Germany

Terry
San Jose, CA
United States

Diane R
KivaFriends.org, Santa Clara, CA
United States

Phil & Jean
Honolulu, HI
United States

Primas Locas
SF Bay Area, CA
United States

Maurice
San Francisco, CA
United States

John F.
MALMO,
Sweden

Anonymous
San Francisco, CA
United States

Phillip
Redmond, WA
United States

Ramakrishnan
Bangalore, Karnataka
India

Anonymous
Calgary, Alberta
Canada



Journal entries for Felicia Akrofi


Loan has been disbursed
 
Entrepreneur: Felicia Akrofi
Location: Tema, Ghana

Thank you for your loan. It has been disbursed to Felicia Akrofi 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 Tema, Ghana
Sep 3, 2008
Comment on this entry

Update on Felicia Akrofi
 
Entrepreneur: Felicia Akrofi
Location: Tema, Ghana

Felicia says her business is more revived now. Felicia attributes this to the helping hand lent to her in the form of loan. She has been able to procure bulk of ingredients for her restaurant. Every customer desires to patronize delicious and high quality meals. The loan has enabled Felicia to attract more customers due to improved quality, "fufu and "banku", the most popular and favorite dishes.

She says over the last four months, she has been able to make very good profit and reinvested part into the business. She has been able to complete payment of fees of her two children who are pursuing higher education in university for this academic semester. Her third kid has also graduated junior high school and awaiting certificate to pursue high education. She took a loan amount of $525 and has been paying according to schedule. She says she is very grateful to her lenders for being instrument of that great change in her business. She says many thanks to you and God bless you all!


Posted by Frank Owusu-Boakye from Tema, Ghana
Mar 20, 2009
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Kiva Help Repayment Schedule for Felicia Akrofi

  Expected Repayments Actual Repayments Comments
December 2008 $65.62 $66.00 Repayment Received
January 2009 $65.62 $65.25 Repayment Received
February 2009 $65.62 $65.63 Repayment Received
March 2009 $65.62 $65.63 Repayment Received
April 2009 $65.62 $65.63 Repayment Received
May 2009 $65.62 $65.63 Repayment Received
June 2009 $65.62 $65.62 Repayment Received
July 2009 $65.66 $65.61 Repayment Received