Essohanam Paka

Status: Paying Back

$1,175.00		Loan Amount

47% repaid

About the Entrepreneur

Name:	Essohanam Paka
Location:	Lavie, Togo
Activity:	Cereals

About the Loan

Loan Amount:	$1,175.00
Loan Use:	To purchase bags of corn, beans and groundnuts for selling
Repayment Term:	22 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Dec 20, 2008
Date Disbursed:	Dec 8, 2008
Date Funded:	Dec 21, 2008

About the Field Partner

Field Partner:

FECECAV

Field Partner Risk Rating:

(Learn more)

Active

23 months

1244

$958,950

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Togo
Avg Annual Income:	$1,700.00
Currency:	Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:	516.0119 XOF = 1 USD

Essohanam Paka has been a grain saleswoman for 5 years at the market in Lavie, a village about 135 kilometers from Lomé, the capital of Togo. She is 42 years old, married, and the mother of 3 children who are all in school. Essohanam has been doing this type of business for 7 years and it remains her primary source of income. She hopes to increase the size of her business with this second loan in order to better satisfy her clientele and consequently increase her profits to better provide for her children.

Translated from French by Erin Johnson, Kiva Volunteer

Essohanam Paka est une revendeuse de céréales, depuis 5 ans au marché de Lavie, un village situé à environ 135 kilomètres de Lomé, la capitale du Togo. Agée de 42 ans, elle est mariée et mère de 3 enfants tous à l’école. Essohanam exerce cette activité depuis 7 ans et elle demeure sa principale source de revenus. Elle souhaite augmenter la taille de son commerce avec ce deuxième crédit afin de mieux satisfaire sa clientèle et par conséquent accroître ses profits pour mieux subvenir aux besoins de ses enfants.

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Journal entries for Essohanam Paka

Loan has been disbursed Entrepreneur: Essohanam Paka Location: Lavie, Togo Thank you for your loan. It has been disbursed to Essohanam Paka by FECECAV in Togo. We are excited to watch this business grow. Over the 20 months of this loan, FECECAV will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Lavie, Togo Dec 22, 2008
Comment on this entry

Mise à jour de Essohanam PAKA Entrepreneur: Essohanam Paka Location: Lavie, Togo Greetings from Essohanam Paka in Lavie, Togo! I had the pleasure of meeting Essohanam at her fruit and vegetable stand on the side of Lavie’s main thoroughfare, just a stone’s throw from FECECAV’s Lavie branch office, on July 17, 2009. Since receiving her loan, Essohanam has purchased green beans, corn, and yams (which she sells to merchants who will resell them in Lomé) for resale in Lavie. In spite of the challenge posed by the variable prices of the goods she purchases for resale, with her loan at work, Essohanam has witnessed her business grow: both sales and profits are up. In addition to repaying her loan, Essohanam has reinvested a portion of her profits in her business, and is saving up to construct a house that she can one day leave to her children, who are currently in school. Looking forward, she hopes that her business continues to grow, and that she will have access to the financing necessary to support this growth. Jessica Chervin Kiva Fellow, FECECAV
Posted by Emmanuella Klutse from Lavie, Togo Aug 5, 2009
Comment on this entry

Repayment Schedule for Essohanam Paka

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2009	$45.57	$45.57	Repayment Received
March 2009	$46.48	$46.48	Repayment Received
April 2009	$47.41	$47.41	Repayment Received
May 2009	$48.36	$48.36	Repayment Received
June 2009	$49.33	$49.32	Repayment Received
July 2009	$50.32	$50.32	Repayment Received
August 2009	$51.32	$51.32	Repayment Received
September 2009	$52.35	$52.36	Repayment Received
October 2009	$53.39	$53.39	Repayment Received
November 2009	$54.46	$54.46	Repayment Received
December 2009	$55.55	$55.55	Repayment Received
January 2010	$56.66	Available Jan 1
February 2010	$57.80	Available Feb 1
March 2010	$58.95	Available Mar 1
April 2010	$60.13	Available Apr 1
May 2010	$61.33	Available May 1
June 2010	$62.56	Available Jun 1
July 2010	$63.81	Available Jul 1
August 2010	$65.09	Available Aug 1
September 2010	$66.39	Available Sep 1
October 2010	$67.74	Available Oct 1