Abena Darkowaa


Status: Paid Back

$700.00   Loan Request
$700.00   Paid Back

About the Entrepreneur

Name: Abena Darkowaa
Location: Obuasi, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $700.00
Loan Use: To buy more grocery products like tinned fish, tinned tomatoes, cocoa products, skimmed milk, body pomade, etc.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 9, 2008
Date Disbursed: Sep 23, 2008
Date Funded:Sep 9, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.1657 GHS = 1 USD



Abena Darkowaa is 60 years old, a wife and mother of four children. Only one of them is in school now. She has been selling grocery products for ten years in the town to support her family. She says business is doing well and she therefore wants to use this loan to buy more products to increase her inventory.



Abena believes this loan would help her increase her savings towards the welfare of her last child who is in school still. She is a member of the group called Anointed Ladies. Members in this group agree in unison to guarantee and support one another to repay the loan.


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Journal entries for Abena Darkowaa


Loan has been disbursed
 
Entrepreneur: Abena Darkowaa
Location: Obuasi, Ghana

Thank you for your loan. It has been disbursed to Abena Darkowaa 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 24, 2008
Comment on this entry

Update on Abena Darkowaa
 
Entrepreneur: Abena Darkowaa
Location: Obuasi, Ghana

Abena Darkowaa wants to thank her cherished lenders for impacting her business through their loans. She needed additional working capital in the form of loan to purchase fresh stock and include new ones to scale up her grocery shop; your timely response to her need has really put smiles on her face. She was resourced with a loan of $700. Abena says, she has brought in fresh stock of body creams and lotions, candies, cartons of soft drinks and many more. Over the last four months, she has realized very good profit and plans to plough back the profit into the business for more expansion. She has also been more supportive to her family. She has been able to pay the fees of her last child who is in school and supplied her with learning materials. She has She says many thanks to her lenders for gesture and God bless you all!


Posted by Frank Owusu-Boakye from Obuasi, Ghana
Feb 10, 2009
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Kiva Help Repayment Schedule for Abena Darkowaa

  Expected Repayments Actual Repayments Comments
December 2008 $87.50 $88.00 Repayment Received
January 2009 $87.50 $87.00 Repayment Received
February 2009 $87.50 $87.50 Repayment Received
March 2009 $87.50 $87.50 Repayment Received
April 2009 $87.50 $87.50 Repayment Received
May 2009 $87.50 $87.50 Repayment Received
June 2009 $87.50 $87.50 Repayment Received
July 2009 $87.50 $87.50 Repayment Received