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Rachael
Rachael is 42 years old, married and has two children. She sells provisions and frozen food items. She has been in business for the past eight years and needs a loan of N140,000 to purchase more cartons of frozen food items in order to meet customers' demands. She says thank you.

Additional Information

Important Information

The Kiva Field Partner in Nigeria who administers this loan is called the Lift Above Poverty Organization (LAPO). Kiva’s Staff wants to call your attention to the fact that LAPO is the subject of controversy. While all Kiva Field Partners charge an interest rate on loans to sustainably operate, LAPO’s interest rates (see their “Portfolio Yield”) and profitability (see their “Return on Assets”) are amongst the highest on Kiva. Kiva’s Staff encourages you to learn more about this Nigerian Field Partner before making this loan. http://www.kiva.org/partners/20

About Nigeria

  • $1,188
    Average annual income
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,856,425
    Funds lent in using Kiva
  • 146.5
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Rachael to purchase more provisions in cartons to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2009
Listed
Jun 19, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010