Bello Fausat


Status: Paid Back

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

About the Entrepreneur

Name: Bello Fausat
Location: Lagos State, Nigeria
Activity: Fuel/Firewood

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase more firewood for resale
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 3, 2008
Date Disbursed: Sep 17, 2008
Date Funded:Sep 3, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:117.6150 NGN = 1 USD



Bello Fausat has been selling firewood in her community of Okoko, Lagos State, Nigeria for the past seven years. Women in Nigeria use firewood for cooking if they cannot afford kerosene and gas. She is 39-years-old and married with three children.


She is requesting a loan amount of $1200 to buy more firewood for sale so that she can meet the demands of her numerous customers.


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Journal entries for Bello Fausat


Loan has been disbursed
 
Entrepreneur: Bello Fausat
Location: Lagos State, Nigeria

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


Posted by from Lagos State, Nigeria
Sep 18, 2008
Comment on this entry

bello says thanks
 
Entrepreneur: Bello Fausat
Location: Lagos State, Nigeria

bello says thanks and she has fully repaid her kiva loan.she is happy because her business is booming with more customers and profits.


Posted by EHIGIAMUSOE GODWIN from Lagos State, Nigeria
Jun 26, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bello Fausat

  Expected Repayments Actual Repayments Comments
December 2008 $150.00 $150.00 Repayment Received
January 2009 $150.00 $150.00 Repayment Received
February 2009 $150.00 $150.00 Repayment Received
March 2009 $150.00 $150.00 Repayment Received
April 2009 $150.00 $150.00 Repayment Received
May 2009 $150.00 $150.00 Repayment Received
June 2009 $150.00 $149.99 Repayment Received
July 2009 $150.00 $150.01 Repayment Received