Check out some available loans that are similar to this one!
Idowu
Idowu is 34 years old and is married with two children. She helps her husband to support the family.

Idowu sells phone rechargeable cards and pure water and has been in the business for the past four years. One of her greatest joys is the one-on-one interaction she is able to have with her customers.

With this loan of 170,000 NGN Idowu plans to increase and restock her rechargeable phone cards and water due to an increase in demand. With this business she hopes to increase her earnings in the long run and be able to provide better for her children's education.

Most of the challenges Idowu faces in her business are that the electricity supply is inconsistent, and that she needs it to cool her water. She says thank you to all Kiva lenders for their support.

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
  • 145.8
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Idowu to purchase more phone recharge cards and pure water to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2009
Listed
Dec 3, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2010