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Monica
Monica K. is a 47 year old woman. She is divorced and the mother of four children. Currently, her eldest daughter is a qualified nurse; one has completed senior high school and is waiting for his test results and the others are in school. Monica lives with her family in Abofour. She is a food vendor who sells rice and stew in the community school where she lives. She started her operation about twenty years ago. Her food production is on a low scale because of inadequate funds to support her business.

Monica is asking for a loan of $750 to buy more meat, vegetables, bags of rice and firewood to produce in larger quantities which will increase her efficiency . She believes this will help expand her business and raise more income to support and provide for her family and finance her children's education. Monica belongs to a village bank called ‘Nyame Nti, which means "Because of God".

About Ghana

  • $2,643
    Average annual income
  • 19
    View loans »
    Ghana Loans Fundraising
  • $11,207,575
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Monica to buy more bags of rice, vegetables, meat and firewood etc.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2009
Listed
Feb 14, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009