Age: 30 years
Loan Request: $130 (US)
Business: Provision Store
Name of Business: Petty
Date Received: 18 February 2009
Loan Amount: N 20,000 (130
Date repayment of the Loan: 2 December
Amount: N 20,000
Personal and Family Information: Separated mother
of three children
Patience Tayo is a 30-year-old mother. She resides in Nigeria
with just her three children, since she is separated from her
husband. Her past occupations include being a hair stylist, a
trader, and as a housewife.
The southern part of Nigeria is an area that is graced with
regular rainfall throughout the entire year. It is very difficult
to estimate the annual income for people residing in this region,
since they can hardly keep track of it themselves. There are
numerous tribes and many different languages in this area, filled
with people of a rich and diverse heritage.
Patience has high aspirations for the loan we have granted her.
She plans to move away from hair styling and being a trader, to
open up a new provision store. At this provision store, she will
sell necessities such as beverages and toiletries in her region.
This loan is very important for Patience. Besides funding the
start-up of her new store, the success of her business will
directly benefit her family who desperately needs the help. The
Finance Team is very certain that Patience will have no problem
repaying her loan within the 12-month repayment period.
with cans of oil for sale
**Update as of June 7, 2011:
Patience borrowed N 20,000 in February 2009 and repaid the full
loan in December 2009. She used part of the money to purchase palm
oil for storage to resell when the oil is out of season and used
remaining money to purchase plantains, coco-yams and pineapples
from farmers in the village markets and resell them to consumers in
With the help of this loan I was able to accomplish the
• It has improved the standard of living of my
family. For example, I can now buy wears for my self and children
and also food stuff for the family.
• It has improved the size of my business.
Previously, I only bought palm oil for storage for resale and
during this time, I would have nothing because of lack of income
and the family would experience great difficulty. Now I can still
store-up my palm oil and at the same time do some petty
How has this loan positively impacted your life and that of
your family? Your community?
• It has helped me to take care of some of my
• It has enabled me pay school fees and purchase
wears for my children.
• It has helped me to support the family by
providing food stuff.
“I am grateful to St. John’s Global Micro Loan Program (GLOBE) for
assisting me and other women across the world that are in need and
pray God to bless all those have contributed to this