Check out some available loans that are similar to this one!
Chinyere
Chinyere is 38 years old and a mother of five children, the eldest is 12, 10, 8, 6 and 4 respectively. She has been into this trade for 5 years, as a mill manual work she process palm oil for clients all year round and during the peak season she face a great difficulty in storing customers products which limits her on the number of contracts she can take in a year.

This is her only source of livelihood and with enough storage facility, she will be able to maintain her clients and source for new ones. It is expected that if she can have a big storage tank, her annual earning will increase and that will also keep her happy because according to her “I hate to sit ideal while there is work to do it makes me really sad in life”.

Chinyere is requesting this loan from Nke-Anyi Farmers Multipurpose Cooperative Society which she is also a member of the society to enable her purchase 30 plastic drum for storing palm oil.

Proceeds from her annual labor work goes to supporting her husband in providing for the family and also paying of her children school fees.

She thanks all Kiva lenders who take their time to read through her profile and also contribute to her loan.

Additional Information

About Nke-Anyi FMCS

Nke-Anyi was established to empower rural palm oil millers working in the southeastern Nigerian states. The organization works as a cooperative, in which members save a certain amount per month, generate a return each year and redistribute the loans to co-op members.

The organization works with clients to provide access to financial services, training, access to markets and SMS-based information around palm oil prices.

About Nigeria

  • $1,188
    Average annual income
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,856,425
    Funds lent in using Kiva
  • 164.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Chinyere a loan of 140,000 Naira will help Chinyere purchase a plastic storage tanks to store processed palm oil for herself and her clients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Jun 24, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014