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Lola
Lola is 37 years old. She is married with two children.


Lola has a store where she sells underwear and nightgowns. She has been in this business for the last five years.


Through her business, she assists her husband in feeding the family and also in paying for the children’s education. In most places in Nigeria, sixty percent of family burden is taken care of by the woman. This trend has compelled most women to be industrious and hardworking lest the family remain in abject poverty.


Lola needs a loan of N70,000 so she can purchase more underwear and nightgowns to sell. She says thank you 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

  • $6,100
    Average annual income
  • 8
    View loans »
    Nigeria Loans Fundraising
  • $5,959,050
    Funds lent in using Kiva
  • 117.7
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lola to purchase more underwear and nightgowns to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 28, 2008
Listed
Nov 21, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009