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Felicia
Felicia U. sells clothes and tailoring materials.She has been in this business for the past 6 years. She lives in Iyanuera in Lagos State, Nigeria.She is 27 years of age with 2 children, and has being borrowing from LAPO microfinance for the past 2 years.

Felicia needs a loan of $875 to enable her buy more clothes and tailoring material in order to expand her business. She is thankful to Kiva for this opportunity. This can be seen from the broad smile in her face throughout our interview.

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
  • 4
    View loans »
    Nigeria Loans Fundraising
  • $5,954,175
    Funds lent in using Kiva
  • 117.4
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Felicia to buy more cloths and tailoring materials.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 30, 2008
Listed
Apr 15, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009