Monica

Status: Paying Back

$650
Loan Request
Pre-Disbursed : Nov 5, 2009
Listed: Nov 10, 2009
Funded: Nov 11, 2009
16% repaid

About the Country

Country:Ghana
Avg Annual Income:$2,643
Currency:Ghana Cedis (GHS)
Exchange Rate:1.4312 GHS = 1 USD


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Kade, Ghana   Repayment Term: 8 months
(more info)
Activity: Cloth & Dressmaking Supplies   Repayment Schedule: Monthly
Loan Use: To purchase fabrics in bulk   Currency Exchange Loss: Possible
      Default Protection: Covered
Monica is 32 years old, married and has three school-aged children. She lives with her husband and children in a rented apartment in a town called Kade in the Eastern Region of Ghana. She works hard to support her husband in providing for their family. Monica is a trader in printed textile fabrics. She buys the textiles from nearby towns and sells in a shop by the roadside in her community. She has been in business for five years and wants a loan to buy goods in bulk so she can expand her business.


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Journal entries for Monica


Loan has been disbursed
 
Entrepreneur: Monica
Location: Kade, Ghana

Thank you for your loan. It has been disbursed to Monica by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the 6 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 Kade, Ghana
Nov 12, 2009
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Kiva Help Repayment Schedule for Monica

  Expected Repayments Actual Repayments Comments
February 2010 $108.33 $108.33 Repayment Received
March 2010 $108.34 Available Mar 1  
April 2010 $108.33 Available Apr 1  
May 2010 $108.33 Available May 1  
June 2010 $108.34 Available Jun 1  
July 2010 $108.33 Available Jul 1