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Dorcas
Dorcas is a 41-year-old married woman with 5 children. To earn a living, she sells foodstuffs, drinks, and cooking oil at retail prices to her customers. She explains that she sells her various products for long hours to ensure that she can put food on the table in order to feed her immediate family. She has been in this business for a long time.



She is now seeking a loan in the amount of N70,000 ($425) to purchase more foodstuffs and cooking oil for resale purposes. Indeed, this is the high season for sales, so she hopes to generate higher profits by satisfying the increased customer demand. She thanks all Kiva lenders for their support.

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
  • 1
    View loans »
    Nigeria Loans Fundraising
  • $5,881,075
    Funds lent in using Kiva
  • 151.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Dorcas to meet customer demand by purchasing additional foodstuffs and cooking oil.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Nov 21, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2010