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Ikechuku
Ikechuku is excited at the prospect of securing his first loan from Kiva. He is 35 years old, married, has two children and makes a living selling groceries and food items. He has been in the business for three years, and uses his profits to care for his family. He hopes to increase the size of his business in future, and will use this loan for N100,000 to buy more groceries and food in bulk to sell to his customers.

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

  • $6,100
    Average annual income
  • 1
    View loans »
    Nigeria Loans Fundraising
  • $5,958,200
    Funds lent in using Kiva
  • 151.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Ikechuku to buy more groceries and food 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