Stella Agyeman

Status: Paid Back

$700
Loan Request
Pre-Disbursed : Jan 22, 2009
Listed: Jan 31, 2009
Funded: Jan 31, 2009
$700
Paid Back
Ended: Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643
Currency:Ghana Cedis (GHS)
Exchange Rate:1.2954 GHS = 1 USD


About the Loan

Location: Offinsu, Ghana   Repayment Term: 10 months
(more info)
Activity: Food Market   Repayment Schedule: Monthly
Loan Use: To buy ‘gari’ and vegetable oil   Currency Exchange Loss: Covered
      Default Protection: Covered
Stella Agyeman is forty two years old. She is divorced but has given birth to two sons. One of them has completed junior high school while the other is in the final year.

Stella lives with her two sons in a rented house. They live in a farming/business community called Offinso in the Ashanti Region of Ghana. Stella says it has not been easy providing for herself as well as her two sons since her ex-husband does not show any concern.

She trades in ‘gari’, tomatoes and vegetable cooking oil on a table top in the local market. Gari is a local delicacy produced from cassava. The milled cassava is thoroughly squeezed of water by putting it under pressure. It is then fried in a hot metal pan over a strong fire. It is either served hot with cooked beans and oil, or cold with sugar, milk and roasted groundnut.

She buys bags of gari and cooking oil from nearby towns at affordable prices. She distributes the gari mostly to the food vendors in her community. Stella has been in business for three years. She wants a loan to buy goods in large quantities so she can increase her profit margin to provide for her children.


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Journal entries for Stella Agyeman


Loan has been disbursed
 
Entrepreneur: Stella Agyeman
Location: Offinsu, Ghana

Thank you for your loan. It has been disbursed to Stella Agyeman by Sinapi Aba Trust (SAT) in Ghana. We are excited to watch this business grow. Over the 7 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 Offinsu, Ghana
Feb 1, 2009
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Kiva Help Repayment Schedule for Stella Agyeman

  Expected Repayments Actual Repayments Comments
May 2009 $100.00 $100.01 Repayment Received
June 2009 $150.00 $50.00 Repayment Received
July 2009 $100.00 $200.01 Repayment Received
August 2009 $100.00 $100.00 Repayment Received
September 2009 $100.00 $99.98 Repayment Received
October 2009 $100.00 $100.00 Repayment Received
November 2009 $50.00 $50.00 Repayment Received