Stephen Kutu Rawlings


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Entrepreneur

Name: Stephen Kutu Rawlings
Location: Obuasi, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $625.00
Loan Use: To buy more rice, canned foods and drinks, milk, assorted food spices, washing soaps and powders, etc
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 28, 2008
Date Disbursed: Sep 11, 2008
Date Funded:Aug 28, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.1592 GHS = 1 USD



Stephen is a 39-year-old businessman. He is married with 4 kids and is very dedicated to his work. He owns and operates a grocery shop and sells items like rice, evaporated milk, canned foods and drinks, assorted cooking oil, washing powder, toilet soaps, candies, biscuits, etc in the local market of Obuasi. Stephen supports his family with proceeds from his business. He wants to use the loan to buy bulk supplies of rice, canned foods and drinks, milk, assorted food spices, washing soaps and powders, etc to expand his business. Stephen hopes to save more toward his kids' education. He belongs to the community group called "Nyame na aye Trust Group." The group members guarantee and support one another to repay their loans on time.

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Journal entries for Stephen Kutu Rawlings


Loan has been disbursed
 
Entrepreneur: Stephen Kutu Rawlings
Location: Obuasi, Ghana

Thank you for your loan. It has been disbursed to Stephen Kutu Rawlings 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
Sep 12, 2008
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Kiva Help Repayment Schedule for Stephen Kutu Rawlings

  Expected Repayments Actual Repayments Comments
December 2008 $78.12 $79.00 Repayment Received
January 2009 $78.12 $77.25 Repayment Received
February 2009 $78.12 $78.12 Repayment Received
March 2009 $78.12 $78.12 Repayment Received
April 2009 $78.12 $78.12 Repayment Received
May 2009 $78.12 $78.13 Repayment Received
June 2009 $78.12 $78.12 Repayment Received
July 2009 $78.16 $78.14 Repayment Received