Ruth
Status: Paying Back
| $700 |
Loan Request
Pre-Disbursed
: Oct 30, 2009
Listed: Nov 2, 2009
Funded: Nov 2, 2009
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16% repaid
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: | 1.4300 GHS = 1 USD |
About the Loan
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Location: | Mampong, Ghana | Repayment Term: | 9 months (more info) |
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| Activity: | Clothing Sales | Repayment Schedule: | Monthly | |
| Loan Use: | To buy more bales of clothes and shoes | Currency Exchange Loss: | Possible | |
| Default Protection: | Covered |
Ruth is a 49-year-old trader. She is married with three children, two of whom are currently in school while her last-born is still breastfeeding.
Ruth trades in Dumas (a brand name) clothes, linen and lace materials and has been in this business for the last ten years. Her major challenge over the years has been obtaining funds to scale up her business. She has amassed lots of marketing experience and she is very confident that the loan will enable her to make remarkable business progress.
Ruth wants to use the loan to buy more bales of Dumas clothes, linen and lace materials with variety to increase her inventory. She says her greatest joy would be when she is able to provide her kids with a quality education to make them more resourceful in future. She hopes to save enough to fulfill this dream of hers.
Ruth trades in Dumas (a brand name) clothes, linen and lace materials and has been in this business for the last ten years. Her major challenge over the years has been obtaining funds to scale up her business. She has amassed lots of marketing experience and she is very confident that the loan will enable her to make remarkable business progress.
Ruth wants to use the loan to buy more bales of Dumas clothes, linen and lace materials with variety to increase her inventory. She says her greatest joy would be when she is able to provide her kids with a quality education to make them more resourceful in future. She hopes to save enough to fulfill this dream of hers.
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Journal entries for Ruth
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Loan has been disbursed
Location: Mampong, Ghana
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Posted by
from Mampong, Ghana
Nov 3, 2009 |
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Comment on this entry
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Repayment Schedule for Ruth
Repayment Schedule for Ruth
| Expected Repayments | Actual Repayments | Comments | |||
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| February 2010 | $116.67 | $116.67 |  Repayment Received
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| March 2010 | $116.67 | Available Mar 1 | |||
| April 2010 | $116.67 | Available Apr 1 | |||
| May 2010 | $116.67 | Available May 1 | |||
| June 2010 | $116.67 | Available Jun 1 | |||
| July 2010 | $116.65 | Available Jul 1 | |||
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