Fatia Alidu


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Fatia Alidu
Location: Ejura, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $500.00
Loan Use: To purchase groceries in bulk
Repayment Term: 9 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Dec 22, 2008
Date Disbursed: Dec 15, 2008
Date Funded:Dec 22, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.2611 GHS = 1 USD



Fatia Alidu, age forty-five, is a married woman with two children who are currently in high school. Fatia lives with her family in Atebubu in Ghana. Atebubu is a town in the Brong Ahafo Region of Ghana. Atebubu is a farming community. The inhabitants produce food crops like maize, yams, millet, and beans.

To support her family, Fatia runs a small grocery kiosk in her neighbourhood. She also sells food items, such as macaroni and tomatoes, on a table in front of her kiosk. She has been in this business for fifteen years.

Fatia buys her goods from the farmers in the community and treks to the markets in nearby towns to sell them. She says that she also supplies her products to food vendors in her community.

Fatia wants more working capital to meet the cash demands of her business. She wants to buy the goods in bulk to save her from having to make frequent trips to the city. She hopes to build up savings to provide her kids with a very good education and a brighter future.

Fatia is in a community group called “Do Good.” The group members guarantee for one another as collateral to access the loan and support one another to repay.

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Journal entries for Fatia Alidu


Loan has been disbursed
 
Entrepreneur: Fatia Alidu
Location: Ejura, Ghana

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


Posted by from Ejura, Ghana
Dec 23, 2008
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Kiva Help Repayment Schedule for Fatia Alidu

  Expected Repayments Actual Repayments Comments
April 2009 $76.92 $76.92 Repayment Received
May 2009 $115.38 $115.38 Repayment Received
June 2009 $76.92 $76.90 Repayment Received
July 2009 $153.84 $153.84 Repayment Received
September 2009 $76.94 $76.96 Repayment Received