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Margaret
Margaret sells bottles of wine at retail prices to make a living. She hopes to be a major wine distributor in the future. She loves this business so dearly because of the profit. She is an honest and hard working woman. She is married with 5 children and is 49 years old. Her husband is a plumber and he also supports their family. She is requesting a loan in the amount of NGN 80,000 to purchase more bottles of wine to sell. 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
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,853,475
    Funds lent in using Kiva
  • 148.2
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Margaret to purchase more bottles of wine to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2010
Listed
Mar 15, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 7, 2011