Olabisi Ilor


Status: Paying Back

$500.00   Loan Amount
62% repaid

About the Entrepreneur

Name: Olabisi Ilor
Location: Lagos State, Nigeria
Activity: Grocery Store

About the Loan

Loan Amount: $500.00
Loan Use: To purchase more provisions to sell
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 19, 2009
Date Disbursed: May 20, 2009
Date Funded:Jun 21, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:146.5000 NGN = 1 USD



Olabisi is 45 years old, married and has five children. She sells provisions and has been in business for over ten years. Olabisi needs a loan of N70,000 to increase her inventory in order to meet customers' demands. She says thank you and promises to repay her loan promptly.

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Journal entries for Olabisi Ilor


Loan has been disbursed
 
Entrepreneur: Olabisi Ilor
Location: Lagos State, Nigeria

Thank you for your loan. It has been disbursed to Olabisi Ilor 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 Lagos State, Nigeria
Jun 22, 2009
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Kiva Help Repayment Schedule for Olabisi Ilor

  Expected Repayments Actual Repayments Comments
August 2009 $62.50 $62.50 Repayment Received
September 2009 $62.50 $62.50 Repayment Received
October 2009 $62.50 $62.50 Repayment Received
November 2009 $62.50 $125.00 Repayment Received
December 2009 $62.50 Available Dec 1 Repayment Received
January 2010 $62.50 Available Jan 1  
February 2010 $62.50 Available Feb 1  
March 2010 $62.50 Available Mar 1