Benin
Loan description:
Leontine Adechian Odoumiran is 48 and has five children aged between 9 and 30. Leontine manufactures and sells red palm oil from home. She employs five women to help her and pays them a daily wage depending upon the volume of orders. After harvesting the palm nuts, the nuts are separated from the stalks and then cooked in large drums. After cooking, the nuts are crushed and then pressed to produce a virgin oil. This is then heated once again to produce a much clearer oil that can be used for consumption - mainly for cooking. Leontine delivers the oil to customers, usually wholesalers, who have placed orders. She is a longstanding client of the microfinance organisation ACFB and requested a loan 500,000 West African francs to enable her to buy more palm nuts from farmers in the surrounding fields. The loan is for 12 months.
Loan added: 31 August 2012
Léontine's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £61.69 | ||
| £51.41 | ||
| £51.41 | ||
| £51.41 | ||
| £51.41 | ||
| £51.41 | ||
| £51.41 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
