Emelia Adutwumwaa


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Emelia Adutwumwaa
Location: Nkawkaw, Ghana
Activity: Grocery Store

About the Loan

Loan Amount: $525.00
Loan Use: To purchase groceries in bulk
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 14, 2009
Date Disbursed: Mar 10, 2009
Date Funded:Mar 15, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3937 GHS = 1 USD



Besides being an entrepreneur, Emelia Adutwumwaa, 31, takes care of her four kids. Currently, all the kids are at primary school level. She wants to make sure that she is financially able to support all of her children to the highest degree of education possible. She lives with her husband, a farmer, and her children in their own house at Kwahu Da, a farming community in the Eastern region of Ghana. She also runs a grocery shop to help her husband provide for the family. She has been in business for four years now.



Emelia is expecting higher profits if she receives her loan. She will be adding more products to her grocery stall in the community. Her grocery products sell very quickly after she purchases them. Also, she will be adding soft drinks to her store to diversify her trading.



Emelia is a member of the community group called ‘Anigyee’ (meaning Happiness). Members in this group guarantee for one another as social collateral to access the loan and support one another in handling repayment of the loan.



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Journal entries for Emelia Adutwumwaa


Loan has been disbursed
 
Entrepreneur: Emelia Adutwumwaa
Location: Nkawkaw, Ghana

Thank you for your loan. It has been disbursed to Emelia Adutwumwaa 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 Nkawkaw, Ghana
Mar 16, 2009
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Kiva Help Repayment Schedule for Emelia Adutwumwaa

  Expected Repayments Actual Repayments Comments
June 2009 $52.50 $52.50 Repayment Received
July 2009 $105.00 $105.00 Repayment Received
August 2009 $157.50 $157.50 Repayment Received
September 2009 $105.00 $105.00 Repayment Received
October 2009 $105.00 $105.00 Repayment Received