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Festus
Festus is a big business man in his community in Agbor, Delta state. He sells rechargeable phones and accessories at retail prices to his customers. He says LAPO has affected his business positively. He has used LAPO loans and the support of his family members as capital for his business. He loves this business because of the one-on-one interaction that he has with his customers. He travels to Cotonu and Togo to purchase his goods to sell in Agbor. He is requesting a loan of NGN 150,000 to purchase more rechargeable phones and accessories to sell. He says thank you to all Kiva lenders.

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
  • 151.6
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Festus to purchase more rechargeable phones and accessories to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Dec 11, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2010