Kudzo Agbemadzi

Status: Paying Back

$1,075
Loan Request
Pre-Disbursed : May 26, 2009
Listed: Jun 24, 2009
Funded: Jul 11, 2009
61% repaid

About the Country

Country:Togo
Avg Annual Income:$1,700
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:473.6562 XOF = 1 USD


About the Loan

Location: Wome, Togo   Repayment Term: 13 months
(more info)
Activity: Liquor Store / Off-License   Repayment Schedule: Monthly
Loan Use: To buy palm trees and work tools   Currency Exchange Loss: Covered
      Default Protection: Covered
Kudzo Agbemadzi, age 32, is married and the father of two. He is a distiller of sodabi in Womé, a village located in southwest Togo. Sodabi is a local spirit which is obtained from palm wine. With this loan, Kudzo wishes to buy palm trees and some work tools to expand his production capacity. The photo was taken next to his workshop. He acquired this motorbike for making his runs easier.

Translated from French by Dan Kuey, Kiva Volunteer


Kudzo Agbemadzi est âgé de 32 ans, marié et père de 2 enfants. il est distillateur de « sodabi » à Womé, un village situé au sud-ouest du Togo. « Sodabi » est une liqueur locale qui est obtenu à partir du vin de palme. Avec ce crédit, Kudzo souhaite acheter des palmiers et des outils de travail pour élargir sa capacité de production. La vue a été prise à coté de son atelier. Il a acquis cette moto pour mieux faire ses courses


Important Information About This Loan
FECECAV is a cooperative union registered in 1997. Its mission is to serve the financial needs of local people who have been excluded from the traditional financial system. It serves more than 50,000 members in the Plateau and Maritime regions of Togo. FECECAV is a not-for-profit organization.

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Journal entries for Kudzo Agbemadzi


Loan has been disbursed
 
Entrepreneur: Kudzo Agbemadzi
Location: Wome, Togo

Thank you for your loan. It has been disbursed to Kudzo Agbemadzi by FECECAV in Togo. We are excited to watch this business grow. Over the 11 months of this loan, FECECAV will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Wome, Togo
Jul 12, 2009
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Kiva Help Repayment Schedule for Kudzo Agbemadzi

  Expected Repayments Actual Repayments Comments
September 2009 $178.45 $178.45 Repayment Received
October 2009 $91.91 $91.91 Repayment Received
November 2009 $93.75 $93.75 Repayment Received
December 2009 $95.62 $95.62 Repayment Received
January 2010 $97.54 $97.54 Repayment Received
February 2010 $99.49 $99.49 Repayment Received
March 2010 $101.48 Available Mar 1  
April 2010 $103.51 Available Apr 1  
May 2010 $105.58 Available May 1  
June 2010 $107.67 Available Jun 1