Ramatu Abubakar


Status: Paid Back

$450.00   Loan Request
$450.00   Paid Back

About the Entrepreneur

Name: Ramatu Abubakar
Location: Offinsu, Ghana
Activity: Food Production/Sales

About the Loan

Loan Amount: $450.00
Loan Use: Purchase of maize and millet
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 12, 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



Ramatu Abubakari is 28 years old. She is married and has two children - a son and a daughter. Ramatu's daughter is already in school, while her son is yet to start. Ramatu and her family live in a rented apartment in Koforidua, a suburb of Offinso in the Ashanti Region of Ghana. Koforidua is a farming as well as a commercial community, and many of its inhabitants are either farmers or traders. Ramatu works hard to help her husband financially support the family. Her husband works for one of the timber firms in the locality. Ramatu herself earns income as a food vendor. She prepares and sells porridge at the market square in the mornings. Porridge is eaten for breakfast by many Ghanaians. Ramatu procures the necessary ingredients, such as maize and millet, from Techiman in the Brong Ahafo Region where they are readily available. She has been in the food sales business for about three years and currently needs a loan to buy millet and maize in bulk in order to cut down on the cost that she otherwise incurs as a result of the frequent trips made to procure the porridge ingredients. She hopes to thereby increase her business profit and be able to better support her husband in paying for their children's education.

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Journal entries for Ramatu Abubakar


Loan has been disbursed
 
Entrepreneur: Ramatu Abubakar
Location: Offinsu, Ghana

Thank you for your loan. It has been disbursed to Ramatu Abubakar 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 13, 2009
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Kiva Help Repayment Schedule for Ramatu Abubakar

  Expected Repayments Actual Repayments Comments
May 2009 $32.14 $32.15 Repayment Received
June 2009 $96.42 $96.42 Repayment Received
July 2009 $64.28 $64.29 Repayment Received
August 2009 $64.28 $64.30 Repayment Received
September 2009 $64.28 $64.24 Repayment Received
October 2009 $64.28 $64.28 Repayment Received
November 2009 $64.32 $64.32 Repayment Received