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Grace
Grace sells foodstuffs like semovita, as well as other groceries and drinks in her shop. She has been in this business for the past two years. She appreciates her business, because she makes a profit, which she can use to support her husband in taking care of the family.


Grace is 37 years old and married with three children. Her children are doing well in school. She hopes for the loan of 170,000 NGN in order to purchase more foodstuffs and drinks to sell. Grace has been a member in LAPO microfinance with a good record. She thanks Kiva and LAPO for their initiatives.

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
  • 25
    View loans »
    Nigeria Loans Fundraising
  • $6,000,275
    Funds lent in using Kiva
  • 150.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Grace to purchase more foodstuffs and drinks to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 10, 2010