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Mary
Mary, age 44, sells groceries and shoes. She is excited to be receiving her first Kiva loan through LAPO, where she is a member of a group called the Royal Mothers Group. Mary is married and has four children.


She started her business four years ago and reports that her major challenge has been insufficient capital to expand her business. She is therefore requesting a loan in the amount of NGN 100,000. She will use this loan to buy shoes and groceries in bulk in order to get a better price. She sends a big thank you to 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
  • $5,856,425
    Funds lent in using Kiva
  • 149.3
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Mary to buy shoes and grocery items in bulk for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Dec 13, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2010