Boniface Mgbekwute


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Entrepreneur

Name: Boniface Mgbekwute
Location: Benin City, Nigeria
Activity: Food Market

About the Loan

Loan Amount: $550.00
Loan Use: To buy more foodstuffs, provisions & drinks
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 24, 2007
Date Disbursed: Nov 7, 2007
Date Funded:Oct 24, 2007
Loan Ended:Jul 8, 2008

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:122.6350 NGN = 1 USD



Mr. Borniface Mgbekwute is 46 years old, is married with two children, and deals in foodstuffs and drinks. He lives in Benin, in Edo State. He is requesting a loan amount of $550 to buy more foodstuffs, provisions & drinks to sell at his market. He has been in LAPO for a year and in business since 1996.

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Journal entries for Boniface Mgbekwute


Loan has been disbursed
 
Entrepreneur: Boniface Mgbekwute
Location: Benin City, Nigeria

Thank you for your loan. It has been disbursed to Boniface Mgbekwute by Lift Above Poverty Organization (LAPO) in Nigeria. We are excited to watch this business grow. Over the next 8 - 14 months, Lift Above Poverty Organization (LAPO) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Benin City, Nigeria
Nov 8, 2007
Comment on this entry

Boniface says thank you
 
Entrepreneur: Boniface Mgbekwute
Location: Benin City, Nigeria

Boniface Mgbekwute say thanks to all kiva lenders. He used his kiva loan to increase her inventory and he has finished her kiva loan repayment. Says thanks to all kiva lenders, she says kiva loan has done well for her.


Posted by EHIGIAMUSOE GODWIN from Benin City, Nigeria
Apr 24, 2009
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Kiva Help Repayment Schedule for Boniface Mgbekwute

  Expected Repayments Actual Repayments Comments
February 2008 $68.75 $69.00 Repayment Received
March 2008 $68.75 $69.00 Repayment Received
April 2008 $68.75 $69.00 Repayment Received
May 2008 $68.75 $69.00 Repayment Received
June 2008 $68.75 $69.00 Repayment Received
July 2008 $68.75 $69.00 Repayment Received
August 2008 $68.75 $69.00 Repayment Received
September 2008 $68.75 $67.00 Repayment Received