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Lokossi

At 64 years of age, Mrs. Lokossi M. is a widow with five (05) children in her care. She has lived in Agbanakin for twenty years with her family. The production and marketing of palm nut oil generates income for her, and is a business she engages in with passion and love. It is a tiresome job in that it requires removing the shells and sorting the nuts before using them. But often she does not produce a large quantity of oil due to a lack of means.

To make her work more profitable so as to feed herself and her family and to have financial autonomy, Mrs. M. is asking for a loan of $650 to buy a nutcracker which will allow her to shell the nuts. The rest of the amount will allow her to stock up on nuts and to buy cans for the packaging of her oil. She will then always have oil to sell and can increase her sales.

Translated from French by Vilas Menon, Kiva Volunteer.




Agée de 64 ans, Madame M. Lokossi est veuve avec cinq enfants en charge. Elle vit à Agbanakin depuis vingt ans avec sa famille. La production et la commercialisation d’huile de noix palmiste constituent son activité génératrice de revenus qu’elle exerce avec passion et amour. C’est une activité très pénible dans la mesure où il faut enlever la coque, trier les noix avant d’en faire usage. Mais souvent elle n’en produit pas en grande quantité faute de moyens.

Pour rentabiliser cette activité afin de pouvoir se nourrir, nourrir sa famille et avoir une autonomie financière, Madame M. demande un crédit de $650 afin d’acheter une concasseuse qui lui permettra de concasser les noix. Le reste de la somme lui servira de stocker des noix et d’acheter des bidons pour le conditionnement de son huile. Elle pourra alors disposer à tout moment d’huile et augmenter son chiffre d'affaire.

About Togo

  • $1,700
    Average annual income
  • 12
    View loans »
    Togo Loans Fundraising
  • $8,750,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Lokossi to buy a nutcracker, canner, and to stock up on palm nuts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 20, 2007
Listed
May 6, 2007
Currency Exchange Loss:
N/A
Ended:
May 17, 2008