Elijah Ojo


Status: Paid Back

$675.00   Loan Request
$675.00   Paid Back

About the Entrepreneur

Name: Elijah Ojo
Location: Ibadan, Oyo State, Nigeria
Activity: Bakery

About the Loan

Loan Amount: $675.00
Loan Use: To purchase more raw ingredients for baking bread to sell wholesale and retail
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 29, 2009
Date Disbursed: Feb 20, 2009
Date Funded:Jan 29, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:149.7500 NGN = 1 USD



Elijah Ojo bakes and sells loaves of bread at the wholesale and retail levels. The demand for his loaves of bread is high and he hopes to meet those demands by expanding his business. He is requesting a loan of $675 (N100,000) to purchase more raw ingredients for baking additional loaves of bread for resale. Elijah has owned this business for a long time and has established customers.


Elijah is 35-years-old and is married with one child. He says thank you to all that make this loan possible.


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Journal entries for Elijah Ojo


Loan has been disbursed
 
Entrepreneur: Elijah Ojo
Location: Ibadan, Oyo State, Nigeria

Thank you for your loan. It has been disbursed to Elijah Ojo 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 Ibadan, Oyo State, Nigeria
Feb 20, 2009
Comment on this entry

Elijah Ojo is very happy
 
Entrepreneur: Elijah Ojo
Location: Ibadan, Oyo State, Nigeria

Elijah Ojo is very happy for the way his business is going, he purchased more bags of flour to bake more bread to sell with the kiva loan he collected, he now makes profit. he says thanks to all kiva lenders.


Posted by EHIGIAMUSOE GODWIN from Ibadan, Oyo State, Nigeria
Jul 9, 2009
Comment on this entry

Kiva Help Repayment Schedule for Elijah Ojo

  Expected Repayments Actual Repayments Comments
May 2009 $84.38 $81.00 Repayment Received
June 2009 $84.38 $87.75 Repayment Received
July 2009 $84.38 $84.38 Repayment Received
August 2009 $84.38 $84.38 Repayment Received
September 2009 $84.38 $84.39 Repayment Received
October 2009 $84.38 $84.38 Repayment Received
November 2009 $84.38 $84.38 Repayment Received
December 2009 $84.34 $84.34 Repayment Received