Samuel
| $975 |
Loan Request
Pre-Disbursed
: Oct 15, 2009
Listed: Oct 24, 2009
Funded: Oct 25, 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: | 27 months | ||||||
| Kiva Entrepreneurs: | 6786 | ||||||
| Total Loans: | $3,606,150 | ||||||
| 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 Country
| Country: | Ghana |
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| Avg Annual Income: | $2,643 |
| Currency: | Ghana Cedis (GHS) |
| Exchange Rate: | 1.4393 GHS = 1 USD |
About the Loan
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Location: | Agona Swedru, Ghana | Repayment Term: | 9 months (more info) |
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| Activity: | Food Market | Repayment Schedule: | Monthly | |
| Loan Use: | To purchase palm oil and palm kernel in bulk | Currency Exchange Loss: | Possible | |
| Default Protection: | Covered |
For the past 5 years, Samuel has been trading in palm oil and palm kernel oil, and sometimes oranges when they are in season. He purchases palm oil and palm kernel oil from the producers in bulk and sells it at retail to his customers. He says due to inadequate working capital, he can no longer buy large enough quantities. He hopes this loan will enable him to inject more capital into his business to meet the demands of the market.
Samuel wants to use this loan to buy bulk gallons of palm oil and palm kernel oil to avoid price hikes and frequent travels. He hopes to increase his savings to support his children’s education.
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Journal entries for Samuel
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Loan has been disbursed
Location: Agona Swedru, Ghana
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Posted by
from Agona Swedru, Ghana
Oct 26, 2009 |
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Comment on this entry
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Repayment Schedule for Samuel
Repayment Schedule for Samuel
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2010 | $139.29 | $139.29 |  Repayment Received
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| February 2010 | $139.28 | $139.28 | Repayment Received
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| March 2010 | $139.29 | Available Mar 1 | |||
| April 2010 | $139.28 | Available Apr 1 | |||
| May 2010 | $139.29 | Available May 1 | |||
| June 2010 | $139.28 | Available Jun 1 | |||
| July 2010 | $139.29 | Available Jul 1 | |||
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