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Faith
Faith O. hails from Okoko Lagos State Nigeria. She sells radio sets, cables and speakers in the Alaba International market. At 31 years of age, with 3 kids, Faith is still enthusiastic to grow her business and to increase her profit margin. She requests a loan of $1200 to enable her to buy more radios, speakers and cable for her shop. She has been in business since 1998.

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
  • 15
    View loans »
    Nigeria Loans Fundraising
  • $5,891,700
    Funds lent in using Kiva
  • 117.2
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Faith to buy more radio sets, cables and speakers for sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 6, 2008
Listed
Apr 14, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009