Rachel Lawal


Status: Paying Back

$675.00   Loan Amount
87% repaid

About the Entrepreneur

Name: Rachel Lawal
Location: Lagos State, Nigeria
Activity: Grocery Store

About the Loan

Loan Amount: $675.00
Loan Use: Purchase more provisions and drinks to sell.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 24, 2009
Date Disbursed: Mar 20, 2009
Date Funded:Mar 24, 2009

About the Country

Country:Nigeria
Avg Annual Income:$1,188.00
Currency:Nigeria Nairas (NGN)
Exchange Rate:149.5986 NGN = 1 USD



Rachel is a widow who has five children. When she was asked her age, she smiled and said around 60 years. “When we where born they never recorded it,” she says.


Rachel sells provisions and drinks in her house. She is requesting a loan amount of N100,000 to purchase more provisions and drinks to sell. Rachel thanks you.


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Journal entries for Rachel Lawal


Loan has been disbursed
 
Entrepreneur: Rachel Lawal
Location: Lagos State, Nigeria

Thank you for your loan. It has been disbursed to Rachel Lawal 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 25, 2009
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Kiva Help Repayment Schedule for Rachel Lawal

  Expected Repayments Actual Repayments Comments
June 2009 $84.38 $84.37 Repayment Received
July 2009 $84.38 $84.37 Repayment Received
August 2009 $84.38 $84.37 Repayment Received
September 2009 $84.38 $84.37 Repayment Received
October 2009 $84.38 $84.42 Repayment Received
November 2009 $84.38 $84.38 Repayment Received
December 2009 $84.38 $84.38 Repayment Received
January 2010 $84.34 Available Jan 1