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Magdalene
Magdalene sells drinks, toiletries and gift items at retail prices to her customers. This is the high season for sales and she hopes to meet the demand of her customers. She is a hard-working woman, and she hopes to excel in her business. She is married with three children. She is 46 years old. She lives in Edo State, Nigeria.

She hopes for a loan amount of N100,000 to purchase more gifts items, toiletries and drinks to sell. She says thank you to all Kiva lenders.

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

Success!! The loan was 100% repaid

A loan of $675 helped Magdalene to purchase more gifts items, toiletries and drinks to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2009
Listed
Nov 21, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2010