Gifty Larbi


Status: Paid Back

$875.00   Loan Request
$875.00   Paid Back

About the Entrepreneur

Name: Gifty Larbi
Location: Koforidua, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $875.00
Loan Use: To buy more cartons of assorted drinks, bags of sugar, cartons of bottled mineral water and boxes of biscuits, toffees etc.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 11, 2008
Date Disbursed: Oct 25, 2008
Date Funded:Oct 11, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.1695 GHS = 1 USD



Gifty Larbi is 25 years old. She is single and has one child who is currently in school. She owns and operates a grocery shop and sells items like sugar, vegetable oil, bottled water, toffees, skimmed powdered milk and biscuits, etc. in her neighborhood. With the loan, she wants to purchase more crates of assorted drinks, toffees, bags of sugar, cartons of vegetable oil, boxes of biscuits, etc. to increase her inventory. She hopes to improve her savings to support her child in school.



Gifty Larbi belongs to the Trust group called "Biako Ye" Trust Group. In this group, members guarantee for one another as social collateral to for the loan and support one another to repay the loan. Her picture was taken when she was visited at her shop.


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Journal entries for Gifty Larbi


Loan has been disbursed
 
Entrepreneur: Gifty Larbi
Location: Koforidua, Ghana

Thank you for your loan. It has been disbursed to Gifty Larbi 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 Koforidua, Ghana
Oct 26, 2008
Comment on this entry

Update on Gifty Larbi.
 
Entrepreneur: Gifty Larbi
Location: Koforidua, Ghana

Gifty wishes to express her profound gratitude to her valued lenders for their contribution toward the growth of her business. Gifty says the loan came on time to add colour and life to her business. The loan of $875 which was disbursed to her has enabled her to inject more working into her business to purchase assorted canned foods and drinks, toiletries, soaps, rice, soft drinks and other groceries to fill her empty shop. She is happy because she is gaining more customers. She said, previously customers would enter her shop and turn away for lack of items they were looking for. Now see how her shop is filled up!. For the past two to three months, she has witnessed an appreciable income due to higher profit margins.

Gifty is looking forward to double or triple her income this year, praying for a more favorable business atmosphere, to enable her meet her repayments and also to support her kid and other two kids of her sisters in school.

She is grateful to all you for your gesture.


Posted by Frank Owusu-Boakye from Koforidua, Ghana
Jan 19, 2009
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Kiva Help Repayment Schedule for Gifty Larbi

  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 $109.38 Repayment Received
August 2009 $109.34 $109.35 Repayment Received