Foluke Afolabi


Status: Paying Back

$700.00   Loan Amount
87% repaid

About the Entrepreneur

Name: Foluke Afolabi
Location: Lagos State, Nigeria
Activity: Grocery Store

About the Loan

Loan Amount: $700.00
Loan Use: To purchase more provisions 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



Foluke sells provisions like noodles, milk, detergent, bathing soap, etc. She hopes to expand this business. Foluke is 40 years old and married with a child. She needs the loan amount of N100,000 to purchase more provisions to sell. She says thank you to all kiva lenders for their financial support.

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Journal entries for Foluke Afolabi


Loan has been disbursed
 
Entrepreneur: Foluke Afolabi
Location: Lagos State, Nigeria

Thank you for your loan. It has been disbursed to Foluke Afolabi 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 Foluke Afolabi

  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