Olusanya Ojutiku


Status: Paying Back

$675.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Olusanya Ojutiku
Location: Ibadan, Oyo State, Nigeria
Activity: Food Production/Sales

About the Loan

Loan Amount: $675.00
Loan Use: To purchase more palm kernels for making oil
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 23, 2009
Date Disbursed: Jun 24, 2009
Date Funded:Jul 23, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:149.4000 NGN = 1 USD



Olusanya is 43 years old and married with four children. He owns a machine that produces palm kernel oil and he also sells the chaff to livestock owners for feed. He is requesting the loan amount of 100,000 NGN to purchase more palm kernels for making oil. He sends his thanks to all Kiva lenders.

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Journal entries for Olusanya Ojutiku


Loan has been disbursed
 
Entrepreneur: Olusanya Ojutiku
Location: Ibadan, Oyo State, Nigeria

Thank you for your loan. It has been disbursed to Olusanya Ojutiku 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 Ibadan, Oyo State, Nigeria
Jul 24, 2009
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Kiva Help Repayment Schedule for Olusanya Ojutiku

  Expected Repayments Actual Repayments Comments
September 2009 $84.38 $84.38 Repayment Received
October 2009 $84.37 $84.37 Repayment Received
November 2009 $84.38 $84.38 Repayment Received
December 2009 $84.37 $84.37 Repayment Received
January 2010 $84.38 Available Jan 1  
February 2010 $84.37 Available Feb 1  
March 2010 $84.38 Available Mar 1  
April 2010 $84.37 Available Apr 1