Daniel Adu


Status: Paid Back

$725.00   Loan Request
$725.00   Paid Back

About the Entrepreneur

Name: Daniel Adu
Location: Cape Coast, Ghana
Activity: Electrical Goods

About the Loan

Loan Amount: $725.00
Loan Use: To procure increased stock of electrical and electronic parts.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 3, 2009
Date Disbursed: Mar 26, 2009
Date Funded:Apr 5, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643.00
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4018 GHS = 1 USD



Daniel Adu is 31 years old, married and father of a young child. He lives with his wife at Eguase in the central region of Ghana.

Daniel is very hardworking young man who wants to work hard to provide his immediate family with the needed support. Daniel is a dealer in electrical and electronic parts such as radio sets, speakers, transistors, screw drivers, wires, television cords, antennas, etc. He buys his supplies from importers at wholesale prices at Accra and sells to his customers at retail prices.

He is also a hardware dealer who sells items such as paint, net, roofing sheets, etc. Danny, as he is called by his pals, has been in business for eight years now. But he says prices of raw materials have shot up significantly, which is making it difficult to stock his shop.

He requests a loan to enable him to procure increased stock of electrical, electronic parts and hardware goods. He hopes to increase his savings to expand his shop to include sound systems and television. He would be very grateful for your support. He belongs to a village bank called "Won som" which means "let all help."



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Journal entries for Daniel Adu


Loan has been disbursed
 
Entrepreneur: Daniel Adu
Location: Cape Coast, Ghana

Thank you for your loan. It has been disbursed to Daniel Adu 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 Cape Coast, Ghana
Apr 6, 2009
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Kiva Help Repayment Schedule for Daniel Adu

  Expected Repayments Actual Repayments Comments
July 2009 $145.00 $145.00 Repayment Received
August 2009 $145.00 $145.00 Repayment Received
September 2009 $217.50 $217.50 Repayment Received
October 2009 $145.00 $145.00 Repayment Received
November 2009 $72.50 $72.50 Repayment Received