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Folashade
Folashade is a busy woman. She sells daily from 7am until 7pm. She sells groceries ranging from toothpaste to noodles. She has been in this business for a long time. She uses her experience in business to attract and retain more customers to her business. She hopes for a loan of NGN 150,000 to purchase more groceries to sell. She hopes to own a shopping mall in the future. She is 36 years old and married with two children. Her eldest child is six years old and the youngest is three years old. Her children are making progress in school. Her husband is a coach and he supports the home. 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

  • $1,188
    Average annual income
  • 49
    View loans »
    Nigeria Loans Fundraising
  • $5,949,725
    Funds lent in using Kiva
  • 150.6
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Folashade to purchase more groceries to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2010
Listed
Feb 22, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 10, 2010