Abiba Abubakar


Status: Paid Back

$875.00   Loan Request
$875.00   Paid Back

About the Entrepreneur

Name: Abiba Abubakar
Location: Obuasi, Ghana
Activity: Food Market

About the Loan

Loan Amount: $875.00
Loan Use: To buy more bags of maize, beans, groundnuts, etc. 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



Abiba Abubakar is a 34-year-old businesswoman. She is married and blessed with two kids. Currently both children attend school. Abiba says combining motherhood and business demands is very challenging. However, the two must be attended to simultaneously.

Abiba has sold bags of maize, beans, groundnuts, etc. for ten years now. She is able to support her household well through this business. She needs the loan to enable her to purchase more stocks of cereals to scale up her sales. She hopes the loan will enable her to double her savings to provide quality education for her kids. Abiba belongs to a group called "Ntoboase" meaning Be Patience Trust Group. The group members assist one another to repay their loan on time.


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Journal entries for Abiba Abubakar


Loan has been disbursed
 
Entrepreneur: Abiba Abubakar
Location: Obuasi, Ghana

Thank you for your loan. It has been disbursed to Abiba Abubakar 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 Abiba Abubakar

  Expected Repayments Actual Repayments Comments
January 2009 $109.38 $109.38 Repayment Received
February 2009 $109.38 $109.38 Repayment Received
March 2009 $109.38 $109.38 Repayment Received
April 2009 $109.38 $109.38 Repayment Received
May 2009 $109.38 $109.38 Repayment Received
June 2009 $109.38 $109.37 Repayment Received
July 2009 $109.38 $109.37 Repayment Received
August 2009 $109.34 $109.36 Repayment Received