Julian Boateng


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Entrepreneur

Name: Julian Boateng
Location: Kumasi, Ghana
Activity: Clothing Sales

About the Loan

Loan Amount: $400.00
Loan Use: To purchase bulk supplies of lace materials and textile
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 27, 2009
Date Disbursed: Jan 22, 2009
Date Funded:Jan 27, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.2954 GHS = 1 USD



Julian Boateng is divorced and a mother with two children, who are currently in school. She is a 43 year old trader. She lives at Abuakwa, in the Ashanti region of Ghana, together with her family. Julian was formerly in the trading business with her husband until they divorced. She works very hard to take care of her children since her husband abandoned the family.

She trades in, lace and clothing materials. Lace material is very useful in room and office decorations. Clothing materials are often sewn and worn at almost every occasion, especially on Fridays. She started this business three years ago. Through hard work and commitment she saves part of her profit so that she has enough to take care of the kids.

For lack of adequate working capital, Julian buys only a few supplies of lace and clothing materials which she sells through hawking. She believes the loan will enable her to grow her business to a higher level. With the loan, she wants to purchase bulk supplies of lace materials and textiles. She hopes to use part of her profit to provide her children with aquality education.

Julian belongs to a group called ‘Regina’. She hope to receive a loan of GH¢500 to increase her business by restocking her inventory. This would enable her save more to support her home.


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Journal entries for Julian Boateng


Loan has been disbursed
 
Entrepreneur: Julian Boateng
Location: Kumasi, Ghana

Thank you for your loan. It has been disbursed to Julian Boateng 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 Kumasi, Ghana
Jan 28, 2009
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Kiva Help Repayment Schedule for Julian Boateng

  Expected Repayments Actual Repayments Comments
May 2009 $57.14 $57.14 Repayment Received
June 2009 $85.71 $28.56 Repayment Received
July 2009 $57.14 $114.27 Repayment Received
August 2009 $57.14 $57.14 Repayment Received
September 2009 $57.14 $57.16 Repayment Received
October 2009 $57.14 $57.14 Repayment Received
November 2009 $28.59 $28.59 Repayment Received