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Gladys
Gladys A. lives in her local community in Igbaye Lagos State Nigeria. At 38 years of age, with 4 children, she has the goal of pulling her family above poverty. As a petty trader she travels to main Lagos where she buy shoes, clothes, plastic rubber and baby items that she sell in her community. Gladys has been borrowing from LAPO Microfinance for the past 4 years and she has being in her business since the year 2000. She requests the sum of $875 to enable her to buy more shoes, clothes, baby items and plastic rubbers for her business which will be able to serve her customers better

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
  • 52
    View loans »
    Nigeria Loans Fundraising
  • $5,949,725
    Funds lent in using Kiva
  • 117.2
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Gladys to buy more clothes and shoes for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2008
Listed
Apr 10, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009