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Y. Nestor
Mr. Y. Nestor A. was born on February 26, 1979 in Porto-Novo (Benin). He had to drop out of his primary studies, and at the age of 15, he started his training as a tapestry-maker. At the end of his training, he could not get set up because he had no money to buy the necessary equipment, so he has to rent a sewing machine by the day, which he sets up on the side of the road to work. This is not at all profitable for him, because the cost for renting the machine is too high. Mr. A. therefore keeps sinking further into poverty with each passing day, despite his intelligence and creativity. He is currently asking for $950 in financial support, which would allow him to open and equip a workshop. The credit he is seeking would be enough to rent a workshop, and also to buy a sewing machine and other tapestry tools. With all of this, he would be able to have a stable income to meet the needs of his family.

Translated from French by Lisa Molle, Kiva Volunteer.



Monsieur A. Y. Nestor est né le 26 Février 1979 à Porto-Novo (Bénin). Il dût arrêter ses études aux cours primaire et à l’âge de 15 ans, il entra en formation de tapissier. A la fin de cette formation, il n’arrive pas à s’installer car n’ayant aucun moyen pour s’acheter le matériel nécessaire, il est obligé de louer quotidiennement une machine à coudre qu’il installe au bord de la rue pour travailler. Ce qui ne lui est pas du tout rentable car les coûts de location de la machine sont trop élevés. Monsieur A. continue donc de sombrer dans la misère au fur et à mesure que les jours passent malgré son intelligence et son esprit de créativité. Il sollicite à ce jour un appui financier de $950 qui lui permettra d’ouvrir un atelier et de l’équiper. Le crédit qu’il demande va servir à louer un local pour son atelier, d’acheter une machine à coudre et autres outillages pour la tapisserie. Ce faisant, il pourra alors avoir des revenus stables pour subvenir aux besoins de sa famille.

About Togo

  • $1,700
    Average annual income
  • 3
    View loans »
    Togo Loans Fundraising
  • $8,638,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $950 helped Y. Nestor buy a sewing machine and small tools for tapestry work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 22, 2007
Listed
Jan 7, 2007
Currency Exchange Loss:
N/A
Ended:
Jan 9, 2008