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Elijah
Elijah O. bakes and sells loaves of bread at the wholesale and retail levels. The demand for his loaves of bread is high and he hopes to meet those demands by expanding his business. He is requesting a loan of $675 (N100,000) to purchase more raw ingredients for baking additional loaves of bread for resale. Elijah has owned this business for a long time and has established customers.


Elijah is 35-years-old and is married with one child. He says thank you to all that 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
  • $5,853,475
    Funds lent in using Kiva
  • 149.8
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Elijah to purchase more raw ingredients for baking bread to sell wholesale and retail.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 20, 2009
Listed
Jan 29, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009