Tayo Alabi


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Tayo Alabi
Location: Agoe, Togo
Activity: Manufacturing

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase the raw ingredients to make Hospital medical creams
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 23, 2008
Date Disbursed: May 7, 2008
Date Funded:Apr 23, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Togo
Avg Annual Income:$1,700.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:417.5150 XOF = 1 USD



Madame Tayo Alabi was born November 13, in Lome Togo, married with 2 children. She launched her business in 2005, fabricating medical products which are used at hospitals primary for burn victims. She transforms basic ingredients such as Ethanol and other chemicals into the final product which she also resells. Her sister and 2 younger brothers help out with the business. Her first credit was for 500 000CFA (~$1200) which already allowed her to purchases many raw ingredients, such as Ethanol and other creams. Due to the price increases recently in this sector for these raw materials she is seeking another loan to purchase additional raw materials to increase her supply. She plans to use these funds to purchase raw mint crystals which is a primary ingredient in her fabrication.


- translated on site by Kiva Rep, April 17, 2008


Madame ALABI Tayo est née le 13 novembre 1970 à Lomé. Elle est mariée et mère de deux (2) enfants. Elle a crée en 2005, une entreprise de fabrication et de vente d’Ethanol, de pommade et de produits chimiques qui sont utiliser à l'hôpital pour les patients accidenté. Elle est aidée par sa sœur et ses deux petits frères. Le premier crédit d’un montant de 500.000 FCFA qu’elle vient de solder lui a permis d’acquérir les bouteilles d’Ethanol et de boites de pommades.
Compte tenu de l’augmentation du prix des matières premières qui entrent dans la fabrication de ses produits chimiques, madame ALABI Tayo sollicite encore un crédit pour l’achat d’un tonneau de menthe pour la fabrication de médicaments.


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Lenders to this entrepreneur

Donna
Reston, VA
United States

Jill
Splashdown, WA
United States

Kay
Columbia, MD KivaFriends.org
United States

Andreas & Knut (Germany)
Köln,
Germany

Margie
KivaFriends.org, Fallon, NV
United States

Diane R
KivaFriends.org, Santa Clara, CA
United States

Fergus and Molly
Regina, Saskatchewan
Canada

Anna
Kenosha, Wisconsin
United States

Peter
kivafriends.org, Brighton, England
United Kingdom

Daria
New York, NY
United States

Don
Annapolis, MD
United States

Emily's Family
Santa Barbara, CA
United States

Margaret kivafriends.org
Fairfield County, Connecticut
United States

Amelia
Huntingdon, PA
United States

Mary Ann & Richard
Oakland, CA
United States

Paula
Ramsey, MN
United States

Clever Spenden e.V.
Karlsruhe,
Germany

Patricia
San Francisco, California
United States

Ninad
San Jose, CA
United States

G&D
Yankton, SD
United States

Mr. L
jacksonville, OR
United States

Vibeke
Hilleroed,
Denmark

Rocky
Chicago, IL
United States

Rani
Brookfield, WI
United States

UUFM-Micro
Mankato, MN
United States

Glenda
www.kivafriends.org, Madison, WI
United States

kmcnab
Winnipeg, Manitoba
Canada

Chris
La Jolla, CA
United States

Debora
Landis, Saskatchewan
Canada

Laurie
Seattle, WA, kivafriends.org
United States

Sandra
Mendocino, CA
United States

Dayna
Wexford, PA
United States

STEPHANIE
Alberta
Canada

The Smiths
., Somerset
United Kingdom

Floyd & LaRayne Blamires
Boise, ID
United States

Anonymous
Seneca Falls, NY
United States



Journal entries for Tayo Alabi


Loan has been disbursed
 
Entrepreneur: Tayo Alabi
Location: Agoe, Togo

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


Posted by from Agoe, Togo
May 8, 2008
Comments (1)

Mrs. Tayo Successfully Manufactures Ointments
 
Entrepreneur: Tayo Alabi
Location: Agoe, Togo

Mrs. ALABI Tayo obtained her loan in April 2008 from WAGES. She practices general commerce and the manufacture of liquid soap, dye, alcohol, ointment. In addition to the clients that she has in the market, she sells to clients from Benin and Ghana. She is situated in a store that allows her to exercise his commerce easily – her revenue grew from 50,000F ($100) to 150,000F ($300) after the loan. She is very calmed by the prosperity of her business. The loan has allowed her to make a profit on her business and to be able to meet the needs of her second child. She thanks all the lenders and the entire Kiva team for their support as well as WAGES.

To see all fundraising loans from WAGES, an active Kiva partner situated in Togo, a tiny country in West Africa, click here : http://www.kiva.org/app.php?page=businesses&partner_id=111&status=fundRaising&sortBy=New+to+Old

Translated from French by Abby Gray, Kiva Fellow

Madame ALABI Tayo a obtenu son crédit en avril 2008 à WAGES, elle fait le commerce général et elle manufacture le savon liquide, teinture, alcool, et pommade. Outre les clients qu’elle a sur place au marché, elle vend à des clients venant du Bénin et du Ghana. Elle dispose d’un magasin lui permettant d’exercer aisément son commerce, son revenu est passé de 50.000F à 150.000F après le prêt. Elle est très sereine pour la prospérité de son commerce. Le prêt lui a permis de rentabiliser son commerce et de pouvoir subvenir aux besoins de son deuxième enfant. Elle remercie tous les prêteurs et toute l’équipe de KIVA pour leur soutien de même que WAGES.


Posted by Abby Gray from Agoe, Togo
Dec 2, 2008
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journal
 
Entrepreneur: Tayo Alabi
Location: Agoe, Togo

ALLASSANI Aminatou a obtenu son crédit en avril 2008 d’un montant de 500 000F, avec ce crédit a pu acheter des denrées alimentaires pour son restaurant. Avant le crédit à elle vendait jusqu’à 40000f par jour mais quelques temps après, ce chiffre est passé à 30000f à cause de la mévente, elle a quand même pu réaliser ce pourquoi elle sollicité le crédit. Elle souhaite vite rembourser ce crédit pour relancer son commerce avec l’appui de WAGES, elle remercie les prêteurs de KIVA.


Posted by Esso-Simna Christian KADANGAH from Agoe, Togo
Jan 15, 2009
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Kiva Help Repayment Schedule for Tayo Alabi

  Expected Repayments Actual Repayments Comments
August 2008 $120.00 $120.00 Repayment Received
September 2008 $120.00 $120.00 Repayment Received
October 2008 $120.00 $120.00 Repayment Received
November 2008 $120.00 $120.00 Repayment Received
December 2008 $120.00 $120.00 Repayment Received
January 2009 $120.00 $120.00 Repayment Received
February 2009 $120.00 $120.00 Repayment Received
March 2009 $120.00 $120.00 Repayment Received
April 2009 $120.00 $120.00 Repayment Received
May 2009 $120.00 $120.00 Repayment Received