Aminu Olushola
Status: Paying Back
| $950.00 | Loan Amount |
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50% repaid
About the Entrepreneur
| Name: | Aminu Olushola |
|---|---|
| Location: | Lagos State, Nigeria |
| Activity: | Home Products Sales |
About the Loan
| Loan Amount: | $950.00 |
|---|---|
| Loan Use: | To purchase material for cooker production |
| Repayment Term: | 10 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 19, 2009 |
| Date Disbursed: | Jul 20, 2009 |
| Date Funded: | Aug 23, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Lift Above Poverty Organization (LAPO) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 36 months |
| Kiva Entrepreneurs: | 6378 |
| Total Loans: | $3,843,775 |
| Delinquency Rate: | 0.23% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Nigeria |
|---|---|
| Avg Annual Income: | $1,188.00 |
| Currency: | Nigeria Nairas (NGN) |
| Exchange Rate: | 158.5000 NGN = 1 USD |
Aminu produces and sells a locally-made cooker. Aminu is 48 years old and married to Mr. Olushola, who is a teacher, and they have seven children. The family lives in Lagos state.
Aminu has been in this business for five years now. She hopes for a loan of 150,000 nairas to purchase materials in bulk for producing the cooker. She says this will reduce the unit cost and will help pay for transportation to the market. This will increase her profit which will help her in better caring for her family.
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Journal entries for Aminu Olushola
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Loan has been disbursed
Location: Lagos State, Nigeria
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Posted by
from Lagos State, Nigeria
Aug 24, 2009 |
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Comment on this entry
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Repayment Schedule for Aminu Olushola
Repayment Schedule for Aminu Olushola
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $118.75 | $237.50 |  Repayment Received
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| November 2009 | $118.75 | $118.75 | Repayment Received
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| December 2009 | $118.75 | $118.75 | Repayment Received
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| January 2010 | $118.75 | Available Jan 1 | Repayment Received
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| February 2010 | $118.75 | Available Feb 1 | |||
| March 2010 | $118.75 | Available Mar 1 | |||
| April 2010 | $118.75 | Available Apr 1 | |||
| May 2010 | $118.75 | Available May 1 | |||
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