Matchi Demon


Status: Paying Back

$1,075.00   Loan Amount
30% repaid

About the Entrepreneur

Name: Matchi Demon
Location: Adidogomé, Togo
Activity: Charcoal Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: To buy sacks of charcoal
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 19, 2009
Date Disbursed: Jun 17, 2009
Date Funded:Jun 22, 2009

About the Country

Country:Togo
Avg Annual Income:$1,700.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:474.8154 XOF = 1 USD



Married and the father of three, this gentleman lives with his family in the Adidogomé district in Lomé. In order to provide for his family, he got started in the commerce of charcoal in 2004 and is the only one in this business in his area. Sales are good, so he is realizing considerable profits. His current stock doesn't allow him to satisfy his customers. To do better in satisfying them, he wants to expand his stock. He's therefore requesting his first loan from WAGES to buy 25 sacks of charcoal.

Translated from French by Dan Kuey, Kiva Volunteer


Marié et père de 03 enfants, ce monsieur vit avec sa famille dans le quartier d'adidogomé à Lomé. Afin de subvenir aux besoins de sa famille, ce monsieur s’est lancé en 2004 dans le commerce de charbons de bois, étant le seule à exercer cette activité dans son quartier, il vend bien et réalise ainsi des bénéfices considérables sur ses ventes. Son stock actuel ne lui permet pas de bien satisfaire ses clients, pour mieux les satisfaire il veut agrandir son stock. Il sollicite donc de WAGES son premier crédit pour acheter 25 sacs de charbons de bois.

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Top Lending Teams for this entrepreneur


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1 Member

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Journal entries for Matchi Demon


Loan has been disbursed
 
Entrepreneur: Matchi Demon
Location: Adidogomé, Togo

Thank you for your loan. It has been disbursed to Matchi DEMON by WAGES in Togo. We are excited to watch this business grow. Over the 12 months of this loan, WAGES will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Adidogomé, Togo
Jun 23, 2009
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Kiva Help Repayment Schedule for Matchi Demon

  Expected Repayments Actual Repayments Comments
September 2009 $80.15 $80.15 Repayment Received
October 2009 $81.75 $81.75 Repayment Received
November 2009 $83.39 $83.39 Repayment Received
December 2009 $85.06 $85.06 Repayment Received
January 2010 $86.76 Available Jan 1  
February 2010 $88.49 Available Feb 1  
March 2010 $90.26 Available Mar 1  
April 2010 $92.07 Available Apr 1  
May 2010 $93.91 Available May 1  
June 2010 $95.79 Available Jun 1  
July 2010 $97.70 Available Jul 1  
August 2010 $99.67 Available Aug 1