Adakou Amah


Status: Paid Back

$450.00   Loan Request
$450.00   Paid Back

About the Entrepreneur

Name: Adakou Amah
Location: Aného, Togo
Activity: Fuel/Firewood

About the Loan

Loan Amount: $450.00
Loan Use: Fire woods supplying,transportation and storage
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 9, 2006
Date Disbursed: Nov 23, 2006
Date Funded:Nov 9, 2006
Loan Ended:Jan 30, 2007

About the Country

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



Madam Adakou AMAH is 43 years old. Today, she is a widower and with six (06) children at her charges. This big responsibility recommends her to undertake income generative activities in order to be able to provide for her childrens needs: feedings, health cares, education.
That is how she is launched in the fire wood trade with the modest amount of $ 55 which she had at her disposal. This activity consists concretely to travel to the villages to buy fire wood and in return to sell it at Kpémé where she is living and where the wood is very rare, especially for the kitchen.

Madam AMAH does not succeeding to satisfy all her customers because she hasn’t enough fund to make a permanent storage of fire wood. She tries sometimes to refer to the usurers, who destroyed her more for the interest rates are high, more than 300%. So, today, she needs $ 450 to constitute a working capital for the supplying, the fire wood transportation and storage to increase her activities and to improve her family living conditions.



Madame AMAH Adakou âgée de 43 ans. Aujourd’hui, elle est une veuve et a à sa charge six (06) enfants. Cette grande responsabilité lui recommande d’entreprendre des activités génératrices de revenu afin de pouvoir subvenir aux besoins de ses enfants : alimentations, soins de santé, scolarisation…
C’est ainsi qu’elle se lança dans le commerce du bois de chauffe avec la modeste somme de $55 qu’elle disposait. Cette activité consiste en pratique à aller dans les villages pour acheter du bois de chauffe et venir le revendre à Kpémé où elle réside et où le bois se fait très rare, surtout pour la cuisine.

Madame AMAH n’arrive pas à satisfaire tous les clients parce qu’elle ne dispose pas d’un capital suffisant pour faire un stock permanent de bois de chauffe. Elle tente parfois de faire recours aux usuriers, ce qui l’a ruiné davantage car les taux d’intérêt sont exorbitants, plus de 300%. Elle a donc besoin aujourd’hui d’un crédit de $ 450 pour constituer un fond de commerce pour l’approvisionnement, le transport et le stockage du bois de chauffe pour augmenter ses activités et d’améliorer les conditions de vie de sa famille.


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Journal entries for Adakou Amah


Loan has been disbursed
 
Entrepreneur: Adakou Amah
Location: Aného, Togo

Thank you for your loan. It has been disbursed to Adakou AMAH by Microfund Togo in Togo. We are excited to watch this business grow. Over the next 3 - 10 months, Microfund Togo will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Joseph Kossi Akogo from Aného, Togo
Nov 15, 2006
Comments (1)

Loan has been disbursed
 
Entrepreneur: Adakou Amah
Location: Aného, Togo

Thank you for your loan. It has been disbursed to Adakou AMAH by Microfund Togo in Togo. We are excited to watch this business grow. Over the next 3 - 10 months, Microfund Togo will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Joseph Kossi Akogo from Aného, Togo
Nov 15, 2006
Comment on this entry

Kiva Help Repayment Schedule for Adakou Amah

  Expected Repayments Actual Repayments Comments
February 2007 $150.00 $150.00 Repayment Received
March 2007 $150.00 $300.00 Repayment Received
April 2007 $150.00 $0.00 Repayment Received