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Felicia
Felicia O. is married, has 6 children, and is also a grandmother. Her husband is a retired forest guard, while Felicia herself works as a trader, selling traditional beads and jewellery at retail prices to customers in Benin city. Nigerians love traditional beads, and they are part of all traditional clothing items. The traditional beads in Nigeria are also a mark of honour and respect.
Felicia currently hopes to expand her business; however, she faces the challenge of insufficient capital. She is therefore requesting a loan of a NGN 150,000 to purchase additional beads and jewellery items for sale. Felicia is thankful 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
  • $5,856,425
    Funds lent in using Kiva
  • 149.4
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Felicia purchase of traditional beads and jewellery for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2010
Listed
Mar 12, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 7, 2011