Maxime Olassimbo Kossoko

Status: Paid Back

$750.00		Loan Request
$750.00		Paid Back

About the Entrepreneur

Name:	Maxime Olassimbo Kossoko
Location:	Lomé, Togo
Activity:	Vehicle Repairs

About the Loan

Loan Amount:	$750.00
Loan Use:	buying a compressor pump, tyres and inner tubes
Repayment Term:	13 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Nov 18, 2006
Date Disbursed:	Dec 3, 2006
Date Funded:	Nov 19, 2006
Loan Ended:	Sep 23, 2007

About the Field Partner

Field Partner:

Microfund Togo

Field Partner Risk Rating:

(Learn more)

Active

36 months

2338

$1,990,175

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

Mr Maxime Olassimbo KOSSOKO was born on 30th April 1972 at Sakété in Benin. After his primary studies in his native village, he left his parents and came to Togo in 1986 to live with an uncle who is a vulcanizing professional in the quarter of Hanoukopé. After his training as vulcanizing professional, he decided to live in his own and open a workshop. But he lacked financial means, mainly materials to begin his activities. He had his first credit of $150 which he paid back. His second credit of $ 350 allowed him to rent a larger shop, proof of considerable growth of his activities. Now, he wants to extend his activities to the sale of used tyres and inner tubes, for these items are in strong demand. This needs more financial means that Mr KOSSOKO does not have; he is married and father of three (03) children.

The credit of $750 he applied for will be spent on buying a compressor pump, tyres and inner tubes in extension of Mr KOSSOKO activities in order to have materials at the same place to satisfy his customers who are more and more demanding. This will help him increase market share and his income in order to take a good care of his family.

Monsieur KOSSOKO Olassimbo Maxime est né le 30 avril 1972 à Sakété au Bénin. Après ses études primaires dans son village natal, il a du quitté ses parents pour venir au Togo en 1986 pour habiter chez un oncle, vulgarisateur dans le quartier Hanoukopé. Après sa formation de vulgarisateur, il décida de s’installer en son propre compte mais il manquait des moyens surtout matériels pour démarrer ses activités. Il reçut alors son premier crédit de $150 qu’il avait bien remboursé. Son second crédit de $350 lui a permis de louer un emplacement plus grand, preuve de la croissance considérable de ses activités. Il veut aujourd’hui étendre ses activités à la vente des pneus d’occasion et des chambres à air, une des fortes demandes de sa clientèle. Ce qui nécessite des moyens financiers plus consistants qu’il ne dispose pas. Monsieur KOSSOBO Maxime est marié et père de trois (03) enfants.

Le crédit de $750 actuellement sollicité servira à acheter une pompe à compresseur, des pneus et des chambres à air en extension des activités de KOSSOBO en vue de disposer les matériels sur place pour mieux satisfaire sa clientèle de plus en plus exigeante. Ceci lui permettra d’augmenter sa part de marché et ses revenus pour mieux s’occuper de sa famille.

Lenders to this entrepreneur

Christian
Schmallenberg, NRW
Germany

Trevor S.
Everson, WA
United States

Stacy
Boston, MA
United States

Belle
austin, TX
United States

NewsJobs.Net
Burlington, MA
United States

John
Auburndale, MA
United States

Bob & Annie Jasinski
Cincinnati, OH
United States

Adisaji
Raleigh, NC
United States

Arbita
Minneapolis, MN
United States

neal
Toronto, Ontario
Canada

Scott
Kalispell, MT
United States

Mike
San Antonio, TX
United States

Daniel
Cupertino, CA
United States

Stewart
San Francisco, CA
United States

Grant
East Lansing, MI
United States

Journal entries for Maxime Olassimbo Kossoko

Loan has been disbursed Entrepreneur: Maxime Olassimbo Kossoko Location: Lomé, Togo Thank you for your loan. It has been disbursed to Maxime Olassimbo KOSSOKO by Microfund Togo in Togo. We are excited to watch this business grow. Over the next 10 - 12 months, Microfund Togo will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Lomé, Togo Nov 23, 2006
Comments (1)

Rapport de suivi Entrepreneur: Maxime Olassimbo Kossoko Location: Lomé, Togo Projet : n° 1758 CONGRATULATION Maxime Olassimbo KOSSOKO thanks sincerely KIVA and all those who have contributed to his project funding which allows him today to increase his activities and automatically his incomes to his proper living conditions improvement and those of his family. May Almighty and Merciful God bless you, and rendered it to you everlastingly!!! The credit is repaying normally and without any incident at this moment. RAPPORT D'ACTIVITES L’activité de vulcanisateur de Monsieur maxime Olassimbo KOSSOKO a pris une ampleur considérable avec le financement de $750 qu’il a reçu. Aujourd’hui il est en mesure lui-même de fournir tout le matériel nécessaire notamment les pneus et les chambres à air ? Il est même obligé de renouveler constamment son stock surtout avec le développement des “Zémidjan“ taxi moto qui viennent faire leur réparation dans son atelier. C’est une activité dans laquelle il trouve satisfaction. Il rembourse bien ce prêt et compte même recevoir un autre financement à la fin octobre.
Posted by Joseph Kossi Akogo from Lomé, Togo Feb 24, 2007
Comment on this entry

Repayment Schedule for Maxime Olassimbo Kossoko

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	Expected Repayments	Actual Repayments	Comments
February 2007	$0.00	$75.00
March 2007	$75.00	$150.00	Repayment Received
April 2007	$75.00	$0.00	Repayment Received
May 2007	$75.00	$0.00	Repayment Received
June 2007	$75.00	$150.00	Repayment Received
July 2007	$75.00	$0.00	Repayment Received
August 2007	$75.00	$150.00	Repayment Received
September 2007	$75.00	$75.00	Repayment Received
October 2007	$75.00	$75.00	Repayment Received
November 2007	$75.00	$75.00	Repayment Received
December 2007	$75.00	$0.00	Repayment Received