Yaa Nyarko


Status: Paid Back

$375.00   Loan Request
$375.00   Paid Back

About the Entrepreneur

Name: Yaa Nyarko
Location: Offinsu, Ghana
Activity: Food Market

About the Loan

Loan Amount: $375.00
Loan Use: Purchase of tubers of yam for sale
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 11, 2009
Date Disbursed: Feb 5, 2009
Date Funded:Feb 11, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3347 GHS = 1 USD



Yaa Nyarko is 30 years old. She is married and has two children - a son and a daughter. The son is studying at an elementary school, while the daughter is yet to start. Yaa's family lives in a rented apartment in Koforidua, a suburb of the city of Offinso in the Ashanti Region of Ghana. Koforidua is a farming as well as a commercial community, and the majority of its inhabitants are farmers or traders. Yaa works hard to help her husband financially support the family. Her husband is a mechanic who owns a workshop and earns money repairing damaged vehicles. Yaa buys tubers of yam from Techiman in the Brong Ahafo Region of Ghana and sometimes from the surrounding villages and then sells fresh yam in the local market square as well as distributes it to food vendors in her community. She has been in this business for about five years. Currently, Yaa needs a loan to buy tubers of yam in bulk in order to cut down on cost that she otherwise incurs as a result of the frequent trips to procure the yam tubers. She hopes to thereby increase her business profit margin and be able to better support her husband in paying for their children's education.


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Journal entries for Yaa Nyarko


Loan has been disbursed
 
Entrepreneur: Yaa Nyarko
Location: Offinsu, Ghana

Thank you for your loan. It has been disbursed to Yaa Nyarko 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 Offinsu, Ghana
Feb 12, 2009
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Kiva Help Repayment Schedule for Yaa Nyarko

  Expected Repayments Actual Repayments Comments
May 2009 $26.78 $26.78 Repayment Received
June 2009 $80.34 $80.34 Repayment Received
July 2009 $53.56 $53.56 Repayment Received
August 2009 $53.56 $53.56 Repayment Received
September 2009 $53.56 $53.56 Repayment Received
October 2009 $53.56 $53.56 Repayment Received
November 2009 $53.64 $53.64 Repayment Received