Betty Hooper

Thank you for your loan. It has been disbursed to Betty Hooper 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.

Betty was met during her group meeting to share with us news about her business progress. Before receiving a loan from Sinapi Aba Trust (SAT), she had a challenge meeting the capital requirements for her kenkey business. She had to buy her raw materials on credit before she could prepare her kenkey. She only made 20 cedis as profit per week. She couldn’t buy stock in bulk and suffered price hikes frequently.

With her recent loan, she was able to buy bags of maize, gallons of vegetable oil, tin tomatoes and spices and also renovated her selling case. She was glad to review that the loan she received from Kiva has beefed up her working capital and her ability to purchase materials in bulk. Being able to buy in bulk is very advantageous. It means fewer trips to fill the demand, and it is a hedge against the rapidly rising prices. She now makes profit margin between 40-50 cedis per week which is twice her previous profits. After receiving her second loan cycle with SAT from Kiva lenders, Betty says she is gradually scaling up her business profit which is making her life quite easy and has added up the sale of beans and maize.

The profits from her recent loan went to support her children who are still in school for their school fees and books; household feeding and bills, and has also acquired few assets like fridge T.V. life she said is more comfortable than before.