Grameen Foundation : Where we work : Sub-Saharan Africa : Nigeria : Eje Okpu's Story
A Mother's Business Offers Hope for Her Family
Eje Okpu's Story-Nigeria
Mrs. Eje Okpu lives in Umunede, Nigeria and once struggled to feed her family. Her husband’s business was faltering, and their hard times were compounded by the country’s hyperinflation and economic recession in the 1980s. The few local moneylenders willing to help people revitalize their businesses demanded exorbitant interest rates. Eje was losing hope until a friend introduced her to LAPO. Eje received a collateral-free loan from LAPO and now earns 5,000 Naira per day selling palm oil. Her market includes not just Umunede, but neighboring Igbodo, Oyoko, and Ogwashi-uku. She hopes to buy oil-milling machines to continue expanding her success.
Grameen Foundation : Where we work : Sub-Saharan Africa : Nigeria : Eje Okpu's Story
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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