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Caroline
Caroline sells bags of rice at retail prices to her customers. She has been in this business for a long time. She loves this business because of the one-on-one interaction that she has with her customers. She is requesting a loan of 100,000 nairas to purchase more bags of rice to sell.


Caroline is 44 years old and married with five children. Her husband is a fashion designer and he also supports the family. Her children are still dependent upon her and go to school. Caroline is a committed LAPO client. LAPO (Lift Above Poverty Organization) is committed to improving lives in Nigeria and elsewhere in Africa. She says thanks 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

  • $6,100
    Average annual income
  • 22
    View loans »
    Nigeria Loans Fundraising
  • $6,002,125
    Funds lent in using Kiva
  • 149.3
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Caroline to purchase more bags of rice to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2009
Listed
Dec 13, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2010