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Rachel
Rachel N. sells bags of sugar, bags of rice and gallon jugs of palm oil. She has been in this business since 2006.


Rachel lives in Okoko, Lagos state, Nigeria. She is 47-years-old and married with six children. She is requesting this current loan amount of $875 to purchase more bags of sugar and rice for resale.

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
  • $5,856,425
    Funds lent in using Kiva
  • 117.6
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Rachel to purchase additional bags of rice and sugar for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 17, 2008
Listed
Sep 3, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009