Abibatu Usman


Status: Paid Back

$425.00   Loan Request
$425.00   Paid Back

About the Entrepreneur

Name: Abibatu Usman
Location: Benin City, Nigeria
Activity: Food Production/Sales

About the Loan

Loan Amount: $425.00
Loan Use: To purchase foodstuffs to sell
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 15, 2008
Date Disbursed: Dec 26, 2008
Date Funded:Dec 16, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:117.7250 NGN = 1 USD



Abibatu Usman has a machine that she uses to grind cereal. She also sells foodstuffs like rice, beans, plantains, etc. She makes more profits from the sales of foodstuffs. She needs the loan amount of N50,000 to purchase more foodstuffs to sell.

She is 36 years old and married with three children.

She says a big thank you to all that made this loan possible.



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Journal entries for Abibatu Usman


Loan has been disbursed
 
Entrepreneur: Abibatu Usman
Location: Benin City, Nigeria

Thank you for your loan. It has been disbursed to Abibatu Usman by Lift Above Poverty Organization (LAPO) in Nigeria. We are excited to watch this business grow. Over the 8 months of this loan, 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
Dec 26, 2008
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Kiva Help Repayment Schedule for Abibatu Usman

  Expected Repayments Actual Repayments Comments
March 2009 $53.13 $53.12 Repayment Received
April 2009 $53.13 $53.12 Repayment Received
May 2009 $53.13 $53.12 Repayment Received
June 2009 $53.13 $53.12 Repayment Received
July 2009 $53.13 $53.12 Repayment Received
August 2009 $53.13 $53.12 Repayment Received
September 2009 $53.13 $53.12 Repayment Received
October 2009 $53.09 $53.16 Repayment Received