Ademola Shehu


Status: Paying Back

$700.00   Loan Amount
75% repaid

About the Entrepreneur

Name: Ademola Shehu
Location: Oyo, Oyo State, Nigeria
Activity: Retail

About the Loan

Loan Amount: $700.00
Loan Use: To purchase more cellophane to cut into bags to sell
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 22, 2009
Date Disbursed: Apr 20, 2009
Date Funded:Apr 22, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:147.7480 NGN = 1 USD



Ademola Shehu is 53 years old and married with five children. He has a machine that he uses to cut cellophane (perhaps polyethylene) into bags.


He is requesting a loan of N100,000 to purchase more cellophane to cut into bags to sell. He says thanks to Kiva lenders.


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Journal entries for Ademola Shehu


Loan has been disbursed
 
Entrepreneur: Ademola Shehu
Location: Oyo, Oyo State, Nigeria

Thank you for your loan. It has been disbursed to Ademola Shehu by Lift Above Poverty Organization (LAPO) in Nigeria. We are excited to watch this business grow. Over the 8 months of this loan, Lift Above Poverty Organization (LAPO) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Oyo, Oyo State, Nigeria
Apr 23, 2009
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Kiva Help Repayment Schedule for Ademola Shehu

  Expected Repayments Actual Repayments Comments
July 2009 $87.50 $87.50 Repayment Received
August 2009 $87.50 $87.50 Repayment Received
September 2009 $87.50 $87.50 Repayment Received
October 2009 $87.50 $87.50 Repayment Received
November 2009 $87.50 $87.50 Repayment Received
December 2009 $87.50 $87.50 Repayment Received
January 2010 $87.50 Available Jan 1  
February 2010 $87.50 Available Feb 1