Ama Serwaa


Status: Paid Back

$375.00   Loan Request
$375.00   Paid Back

About the Entrepreneur

Name: Ama Serwaa
Location: Obuasi, Ghana
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $375.00
Loan Use: Ama wants to buy a bunch of plantains
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 17, 2009
Date Disbursed: Mar 5, 2009
Date Funded:Mar 17, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3974 GHS = 1 USD



Ama Serwaa is 42 years old. She is married and a mother of three. Currently all the kids are in school. She loves selling goods, the business through which she obtains her source of livelihood. She has been selling plantains for a year now to support her family. Her husband sells fuel like petrol.


She treks to farming communities like Kintampo in the Brong Ahafo region to buy her stock of plantains in bulk from the plantain farmers. This saves her from middlemen who buy from the farmers and resell to her at higher prices. She hopes to receive GH¢500 to make business progress by restocking her inventory. With this loan, she wants to buy plantains in bulk to serve her customers. She hopes to use part of her profits to support her kids in school. This would enable her to save more to support her husband in taking care of the home. Ama belongs to a village bank called Jordan.


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Journal entries for Ama Serwaa


Loan has been disbursed
 
Entrepreneur: Ama Serwaa
Location: Obuasi, Ghana

Thank you for your loan. It has been disbursed to Ama Serwaa by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the 5 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 Obuasi, Ghana
Mar 18, 2009
Comments (2)

Kiva Help Repayment Schedule for Ama Serwaa

  Expected Repayments Actual Repayments Comments
June 2009 $75.00 $75.00 Repayment Received
July 2009 $75.00 $75.00 Repayment Received
August 2009 $75.00 $75.00 Repayment Received
September 2009 $75.00 $75.00 Repayment Received
October 2009 $75.00 $75.00 Repayment Received