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Adenike
Adenike is 34 years old and is married with three children. She lives in Ibadan, Oyo State, Nigeria.

Adenike sells clothes and drinks to her customers. With the combined businesses, she helps the husband to support the family's basic needs and other necessities.

With the loan of N50,000, Adenike plans to expand her clothes and drinks business, which is now booming. 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.

Adenike also owns a hairdressing business offering hairstyling services in a location that is very favorable for most of her customers. She says thank you to 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
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,856,425
    Funds lent in using Kiva
  • 145.8
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Adenike to purchase more clothes and drinks to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2009
Listed
Dec 3, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2010