Komlan Houngninou


Status: Paid Back

$800.00   Loan Request
$800.00   Paid Back

About the Entrepreneur

Name: Komlan Houngninou
Location: Aklakou, Togo
Activity: Bicycle Repair

About the Loan

Loan Amount: $800.00
Loan Use: Opening a better-equipped shop
Repayment Term: 16 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 10, 2007
Date Disbursed: Jun 25, 2007
Date Funded:Jun 11, 2007
Loan Ended:Aug 25, 2008

About the Country

Country:Togo
Avg Annual Income:$1,700.00
Currency:United States Dollars (USD)



Born in 1979, Komlan HOUNGNINOU is married and the father of two. He works primarily as an engine mechanic of motorbikes. He also takes care of his apprentice younger brother and his wife, who is paralyzed due to a long illness. This situation used to compel him at times to turn to loan sharks, who made his situation worse. He has since benefited from a $350 loan, which he repaid without a problem because the interest rates on it were sharply lower than what the loan sharks were charging.



Mr. HOUNGNINOU is requesting a new loan of $800 to set up a new, bigger, and better-equipped workshop. This loan will be very useful for opening his workshop and will have a very positive impact on his income, which will be reflected in his family's living conditions.

Translated from French by Daniel Kuey, Kiva volunteer:



Né en 1979, Monsieur HOUNGNINOU Komlan est marié et père de deux enfants. Son activité principale est la mécanique des engins à deux roues. Il a également à sa charge son petit frère en apprentissage et sa femme paralysée suite à une longue maladie. Cette situation l’obligea à avoir recours de temps à autre aux usuriers qui l’ont ruiné d’avantage. Il bénéficia ainsi d’un crédit de $350 qu’il remboursa sans aucune difficulté puisque le taux d’intérêt était nettement inférieur à celui des usuriers.


Il sollicite de nouveau ce crédit de $800 afin de pouvoir mettre en place un nouvel atelier plus grand et plus équipé. Ce crédit lui sera très utile pour l’ouverture de son atelier et aura un impact très positif sur son revenu, ce qui se répercutera sur les conditions de vie de sa famille.


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Journal entries for Komlan Houngninou


Loan has been disbursed
 
Entrepreneur: Komlan Houngninou
Location: Aklakou, Togo

Thank you for your loan. It has been disbursed to Komlan HOUNGNINOU by Microfund Togo in Togo. We are excited to watch this business grow. Over the next 14 - 16 months, Microfund Togo will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Aklakou, Togo
Jun 25, 2007
Comments (2)

Kiva Help Repayment Schedule for Komlan Houngninou

  Expected Repayments Actual Repayments Comments
September 2007 $57.14 $58.00 Repayment Received
October 2007 $57.14 $58.00 Repayment Received
November 2007 $57.14 $58.00 Repayment Received
December 2007 $57.14 $58.00 Repayment Received
January 2008 $57.14 $58.00 Repayment Received
February 2008 $57.14 $58.00 Repayment Received
March 2008 $57.14 $58.00 Repayment Received
April 2008 $57.14 $58.00 Repayment Received
May 2008 $57.14 $58.00 Repayment Received
June 2008 $57.14 $58.00 Repayment Received
July 2008 $57.14 $58.00 Repayment Received
August 2008 $57.14 $58.00 Repayment Received
September 2008 $57.14 $58.00 Repayment Received
October 2008 $57.18 $46.00 Repayment Received