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Morike
Morike is a focused, hard-worker and puts in long hours trying to keep her businesses sustainable. She is 48 years old and is married with six children. She lives in Ibadan, Oyo State, Nigeria.

Morike sells drinks and groceries like milk, soap, etc. Her husband sells motor parts and they both contribute to supporting the family.

Morike is requesting the loan of N50,000 to purchase more hot drinks and groceries. With this kind of business she hopes to increase her earnings in the long run and be able to better provide for her children's education. She say 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
  • $5,853,475
    Funds lent in using Kiva
  • 148.2
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Morike to purchase more drinks and groceries to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2009
Listed
Dec 2, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 29, 2010