Lydia Somani
| $575 |
Loan Request
Pre-Disbursed
: May 1, 2009
Listed: May 9, 2009
Funded: May 9, 2009
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| $575 |
Paid Back
Ended: Nov 15, 2009
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About the Field Partner
| Sinapi Aba Trust (SAT) administers this loan. Learn more | |||||||
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| Field Partner: | Sinapi Aba Trust (SAT) | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 28 months | ||||||
| Kiva Entrepreneurs: | 6799 | ||||||
| Total Loans: | $0 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 0.00% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Loan
| Location: | Accra, Ghana | Repayment Term: | 7 months (more info) |
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| Activity: | Grocery Store | Repayment Schedule: | Monthly | |
| Loan Use: | To purchase groceries in bulk for re-sale | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
Lydia runs a grocery shop to help her husband support the family. She has been in business for two years now. She sells items such as tins of Milo (malted milk powder), milk, sugar, bread, tinned fish, etc. Lydia procures her goods from wholesalers in the big cities such as Accra.
She wants a loan to expand the size of her shop and also buy goods in bulk. She hopes to increase her profit margin to enable her to save more to support her family, especially her kids' education. She belongs to a trust bank group called ‘shining star’. The group members guarantee for one another as collateral to access the loan.
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About the Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4475 GHS = 1 USD |
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Journal entries for Lydia Somani
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Subject: Loan has been disbursed
Location: Accra, Ghana
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Posted by
from Accra, Ghana
May 10, 2009 |
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Comment on this entry
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Repayment Schedule for Lydia Somani
Repayment Schedule for Lydia Somani
| Expected Repayments | Actual Repayments | Comments | |||
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| August 2009 | $115.00 | $115.00 |  Repayment Received
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| September 2009 | $115.00 | $115.00 | Repayment Received
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| October 2009 | $115.00 | $115.00 | Repayment Received
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| November 2009 | $115.00 | $115.00 | Repayment Received
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| December 2009 | $115.00 | $115.00 | Repayment Received
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