Paul Migan


Status: Paying Back

$900.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Paul Migan
Location: Porto-novo, Benin
Activity: Electronics Repair

About the Loan

Loan Amount: $900.00
Loan Use: To buy electronic equipment and supplies
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 14, 2009
Date Disbursed: Mar 27, 2009
Date Funded:Mar 15, 2009

About the Country

Country:Benin
Avg Annual Income:$1,500.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:508.5841 XOF = 1 USD



Born in 1973 in Porto-Novo, Mr. MIGAN Paul resides in the 3rd district of the city of Porto-Novo, the administrative and political capital of Bénin. He is the father of three children, who are all in school. Paul is an electronics technician, which has become his principal work. This business of his brings in the revenues that help him to earn a living. Electronics being a business requiring significant means, he lacks enough funds for allowing him to satisfy the large number of customers and for earning enough to meet his various responsibilities. Thus, to make his workshop successful, he's requesting a loan.


Alidé means “there is always a path for the poorest” in Benin’s local language of Fon. Benin is a small West African country located next to Nigeria and has a per capita GDP of $1,500. Alidé offers special loans to highly vulnerable people at an interest rate of 0%. It is part of a group that is soon launching a micro health insurance program for recipients of micro-loans.

Translated from French by Dan Kuey, Kiva Volunteer


Né en 1973 à Porto-Novo, MIGAN Paul réside dans le 3e arrondissement de la ville de Porto-Novo, capitale administrative et politique-Porto Novo-du Bénin. MIGAN Paul est père de trois (03) enfants tous scolarisés. MIGAN Paul est un technicien en électronique et en a fait son activité principale. Cette activité lui procure de revenu l’aidant à gagner sa vie. L’électronique étant une activité qui nécessite de grands moyens, MIGAN Paul ne dispose pas assez de fonds pouvant lui permettre de satisfaire le grand nombre de clients et se faire plus de revenus à la hauteur de ses différentes charges. C’est donc pour rendre plus performant son atelier qu’il sollicite un crédit.


La signification de ALIDé en langue locale du Bénin, le Fon, est « un chemin existe toujours pour les plus pauvres ». Le Bénin est un petit pays de l’Afrique de l’Ouest à coté du Nigeria où le PIB par habitant est à $1,500. ALIDé offre les prêts spéciaux de 0% d’intérêt aux personnes très vulnérables et elle est dans un groupe qui lance bientôt un programme de la micro-assurance santé pour les bénéficiaires de micro crédit.


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Journal entries for Paul Migan


Loan has been disbursed
 
Entrepreneur: Paul Migan
Location: Porto-novo, Benin

Thank you for your loan. It has been disbursed to Paul MIGAN by Alidé in Benin. We are excited to watch this business grow. Over the 12 months of this loan, Alidé will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Porto-novo, Benin
Mar 27, 2009
Comments (6)

Kiva Help Repayment Schedule for Paul Migan

  Expected Repayments Actual Repayments Comments
June 2009 $75.00 $180.00 Repayment Received
July 2009 $75.00 $45.00 Repayment Received
August 2009 $75.00 $75.00 Repayment Received
September 2009 $75.00 $75.00 Repayment Received
October 2009 $75.00 $75.00 Repayment Received
November 2009 $75.00 $75.00 Repayment Received
December 2009 $75.00 $75.00 Repayment Received
January 2010 $75.00 Available Jan 1 Repayment Received
February 2010 $75.00 Available Feb 1  
March 2010 $75.00 Available Mar 1  
April 2010 $75.00 Available Apr 1  
May 2010 $75.00 Available May 1