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Magdalene
Magdalene O. sells clothes, body creams, and cosmetics. She is 37 years old and married with 4 children. She has been in this business for a long time. She hawks her goods from street to street by carrying the goods on her head in a large tray. This is difficult and tedious. She needs the loan amount of N52,000 to purchase a wheelbarrow that will enable her to hawk her goods more easily. She also wants to buy more creams and clothes to sell. She expresses her gratitude to all who make this loan possible.

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
  • 117.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Magdalene to purchase more clothes, creams, and a wheelbarrow to transport her goods.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 28, 2008
Listed
Nov 8, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009