Rose Akyeamaa

Status: Paid Back

$525
Loan Request
Pre-Disbursed : Feb 5, 2009
Listed: Feb 13, 2009
Funded: Feb 13, 2009
$525
Paid Back
Ended: Oct 15, 2009

About the Country

Country:Ghana
Avg Annual Income:$2,643
Currency:Ghana Cedis (GHS)
Exchange Rate:1.3629 GHS = 1 USD


About the Loan

Location: Offinsu, Ghana   Repayment Term: 9 months
(more info)
Activity: Food Market   Repayment Schedule: Monthly
Loan Use: To buy palm nuts, fruits, bananas, and oranges to restock her inventory.   Currency Exchange Loss: Covered
      Default Protection: Covered
Rose Akyeamaa is 40 years old. She is widowed with six children. The eldest is a commercial driver, one child is a hairdresser and the rest are still in junior high school. Rose is a local manufacturer of palm oil and has sold fruits like bananas and oranges for the past eight years to take care of her family. Palm oil is produced from palm nut fruit. The palm oil is processed through various stages to obtain the palm oil. Palm oil is used to prepare many local dishes. Her production is on a small scale due to lack of capital to buy machines for the processing.

In addition to the palm oil business, she also sells fruits like banana and oranges etc. in the community where she lives. She says this has also slowed down due to current food prices in the world market. She wants to use the loan to buy more palm nuts to increase her efficiency and produce in larger quantities. She wants the loan to purchase bananas and oranges etc. so that she can produce daily and supply to her customers on regular bases.

Rose believes this will help expand her business and raise more income to provide food and finance her children's education. Rose belongs to a village bank called Chance. She hopes to receive GH¢700 to make her business grow by restocking her inventory.


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Journal entries for Rose Akyeamaa


Loan has been disbursed
 
Entrepreneur: Rose Akyeamaa
Location: Offinsu, Ghana

Thank you for your loan. It has been disbursed to Rose Akyeamaa 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 14, 2009
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Kiva Help Repayment Schedule for Rose Akyeamaa

  Expected Repayments Actual Repayments Comments
May 2009 $37.50 $37.50 Repayment Received
June 2009 $112.50 $112.50 Repayment Received
July 2009 $75.00 $75.00 Repayment Received
August 2009 $75.00 $75.00 Repayment Received
September 2009 $75.00 $75.00 Repayment Received
October 2009 $75.00 $75.00 Repayment Received
November 2009 $75.00 $75.00 Repayment Received