Life in Africa Member: Christine Adibo

Christine Adibo's income assessment

I Grace Ayaa has carried out income assessment of my client and below is the structures of her monthly earnings and expenditures:

Income:

1 Bracelets........................280,000/=

2 Paper beads......................60,000/=

Total income........................340,000/=

EXPENDITURES:

1 Food.......................60,000/=

2 House rent .................30,000/=

3 Transport....................20,000/=

4 School fees..................50,000/=

5 Medical......................30,000/=

6 Water.........................20,000/=

Total expenditures..............210000/=

The difference between her income and expenditures is 130,000/=

We therefore agreed that she is able to repay her loan of 800,000 in 12 months at the rate of 80,000/= per month.