Risikat Olushegun


Status: Paying Back

$700.00   Loan Amount
87% repaid

About the Entrepreneur

Name: Risikat Olushegun
Location: Lagos State, Nigeria
Activity: Food Market

About the Loan

Loan Amount: $700.00
Loan Use: Purchase more foodstuffs and frozen food to sell.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 23, 2009
Date Disbursed: Mar 20, 2009
Date Funded:Mar 23, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:147.5000 NGN = 1 USD



Risikat Olushegun sells foodstuffs, drinks, provisions and frozen food. She has been in this business for the past 24 years. Risikat is 44 years old and married with four children. She travels to Republic of Benin to buy her frozen food (turkey, chicken and Fish) and she goes to the market twice a month. Risikat has been borrowing from LAPO Microfinance for the past three years and the loans have tremendously increased her business. Risikat needs a loan of N100,000 to purchase more frozen food (turkey, chicken and fish) and foodstuffs to sell. She thanks you.

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Journal entries for Risikat Olushegun


Loan has been disbursed
 
Entrepreneur: Risikat Olushegun
Location: Lagos State, Nigeria

Thank you for your loan. It has been disbursed to Risikat Olushegun 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 Lagos State, Nigeria
Mar 24, 2009
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Kiva Help Repayment Schedule for Risikat Olushegun

  Expected Repayments Actual Repayments Comments
June 2009 $87.50 $87.49 Repayment Received
July 2009 $87.50 $87.50 Repayment Received
August 2009 $87.50 $87.50 Repayment Received
September 2009 $87.50 $87.51 Repayment Received
October 2009 $87.50 $87.50 Repayment Received
November 2009 $87.50 $87.50 Repayment Received
December 2009 $87.50 $87.50 Repayment Received
January 2010 $87.50 Available Jan 1