Alima Alhassan

Status: Paid Back

$500
Loan Request
Pre-Disbursed : May 12, 2009
Listed: May 21, 2009
Funded: May 21, 2009
$500
Paid Back
Ended: Nov 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4477 GHS = 1 USD


About the Loan

Location: Dorma Ahenklro, Ghana   Repayment Term: 7 months
(more info)
Activity: Food Production/Sales   Repayment Schedule: Monthly
Loan Use: To buy more bags of palm nuts and an electric milling machine to produce palm oil in larger quantities.   Currency Exchange Loss: Covered
      Default Protection: Covered
Alima Alhassan is forty-five years old. She is married and the mother of six children. All of the children are in school. She has been a manufacturer of palm oil for seven years now. Palm oil is produced from palm nut fruits, and the palm kernel is a by-product of palm oil which is produced first. The palm kernel is processed through various stages to obtain the palm kernel oil.


Alima produces and supplies the oil to food vendors to prepare their meals, and she even treks to the villages to purchase the finished product elsewhere when demand becomes very high. She wants to use the loan to buy more bags of palm nuts and gallon containers to store the oil, and to increase her efficiency by producing oil in larger quantities. She believes this will help expand her business and raise more income to support her husband, to provide food for her family and to finance her children's education. She belongs to a village bank called ‘‘Hwe die Nyame Aye’ which means "see what the Lord has done."


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Journal entries for Alima Alhassan


Loan has been disbursed
 
Entrepreneur: Alima Alhassan
Location: Dorma Ahenklro, Ghana

Thank you for your loan. It has been disbursed to Alima Alhassan 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 Dorma Ahenklro, Ghana
May 22, 2009
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Kiva Help Repayment Schedule for Alima Alhassan

  Expected Repayments Actual Repayments Comments
August 2009 $50.00 $50.00 Repayment Received
September 2009 $100.00 $100.00 Repayment Received
October 2009 $100.00 $100.00 Repayment Received
November 2009 $150.00 $150.00 Repayment Received
December 2009 $100.00 $100.00 Repayment Received