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Razack
Razack, 33 years old, is married and has one child attending the local school. For some years, Razack has been specializing in selling corn, rice, wheat flour and boxes of sugar. He stocks up at one of the markets in his region. In order to bolster his purchasing power and be able to meet high demand, which keeps growing, he has requested and obtained a microloan from Finadev. This loan will allow him to pay the school fees for his [child] and to cover family expenses.
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Agé de 33 ans, Razack est marié et père d'un enfant scolarisé dans une école de la place. Spécialisé dans la vente du maïs, du riz, de la farine de blé et des cartons de sucre depuis quelques années, il s'approvisionne dans l'un des marchés de la sous région. Dans le but de renforcer son pouvoir d'achat et de satisfaire la forte demande de ses clients qui augmente sans cesse, il a sollicité et a obtenu un micro crédit auprès de Finadev. Ce crédit lui permettra de payer la scolarité de ses enfants et de supporter les charges de la famille.

About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 506.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Razack to buy three bags of corn, two bags of wheat flour, one bag of rice and five boxes of sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 26, 2013