Grace Adubei Fosu


Status: Paid Back

$350.00   Loan Request
$350.00   Paid Back

About the Entrepreneur

Name: Grace Adubei Fosu
Location: Obuasi, Ghana
Activity: Food Market

About the Loan

Loan Amount: $350.00
Loan Use: To buy foodstuffs like maize and gari for re-sale
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 24, 2008
Date Disbursed: Oct 8, 2008
Date Funded:Sep 24, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.1653 GHS = 1 USD



Grace Adubei Fosu is 51 years old and the mother of two children. Her children are currently working. To support her household, Grace has been selling foodstuffs such as maize and gari in the local market in her neighborhood to her loyal customers. She says selling these products is very lucrative and therefore she wants to expand her inventory to enable her to make a good income to support her family.



Grace is a member of the group called 'Adekye Nnsuroma' meaning Morning Star Trust Group. Members agree to guarantee for each other as social collateral and assist one another to repay the loan.


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Journal entries for Grace Adubei Fosu


Loan has been disbursed
 
Entrepreneur: Grace Adubei Fosu
Location: Obuasi, Ghana

Thank you for your loan. It has been disbursed to Grace Adubei Fosu 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
Oct 8, 2008
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Kiva Help Repayment Schedule for Grace Adubei Fosu

  Expected Repayments Actual Repayments Comments
January 2009 $43.75 $43.75 Repayment Received
February 2009 $43.75 $43.75 Repayment Received
March 2009 $43.75 $43.75 Repayment Received
April 2009 $43.75 $43.75 Repayment Received
May 2009 $43.75 $43.75 Repayment Received
June 2009 $43.75 $43.75 Repayment Received
July 2009 $43.75 $43.75 Repayment Received
August 2009 $43.75 $43.75 Repayment Received