Margaret Pokua


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Entrepreneur

Name: Margaret Pokua
Location: Tema, Ghana
Activity: Clothing Sales

About the Loan

Loan Amount: $850.00
Loan Use: To expand and upgrade her inventory by purchasing high-quality items (e.g., lingerie and underwear) in bulk
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 23, 2008
Date Disbursed: Oct 24, 2008
Date Funded:Dec 15, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.1889 GHS = 1 USD



Margaret Pokua is a 33-year-old married woman with three children. She lives with her family in Tema-Ashaiman in the Greater Accra region of Ghana. For the past six years, she has run a clothing shop, where she sells ladies' and children's wears, such as blouses, skirts, lingerie, and underwear.



Unfortunately, she is constrained by her limited working capital in running the business. As such, she is seeking a loan to inject more working capital into the business in order to expand and improve her business. More specifically, she believes that the loan proceeds will enable her to purchase high-quality inventory in bulk.



She is a member of the group known as the Angel. In this group, members guarantee each other's loans as social collateral (i.e., if one member does not promptly repay her portion of the loan, then the other members are responsible for curing the arrears), and they provide support for one another to repay their respective loans. She notes that she does not sell any goods on group meeting days, and that her picture was taken during her group meeting. She is very grateful for your assistance.


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Journal entries for Margaret Pokua


Loan has been disbursed
 
Entrepreneur: Margaret Pokua
Location: Tema, Ghana

Thank you for your loan. It has been disbursed to Margaret Pokua by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the next 7 months, Sinapi Aba Trust (SAT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tema, Ghana
Dec 16, 2008
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Kiva Help Repayment Schedule for Margaret Pokua

  Expected Repayments Actual Repayments Comments
February 2009 $121.44 $121.44 Repayment Received
March 2009 $182.16 $60.72 Repayment Received
April 2009 $121.44 $0.00 Repayment Received
May 2009 $121.44 $182.15 Repayment Received
June 2009 $121.44 $0.00 Repayment Received
July 2009 $121.44 $425.01 Repayment Received
August 2009 $60.64 $60.68 Repayment Received