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Omolele
Omolele, commonly-known as "mummy Kola," is a member of LAPO Microfinance. She is 43 years of age, and she has two children.



To earn a living, she operates a grocery store, where she sells groceries and drinks. She has been running this business for over three years, but she says she now needs additional capital to improve the business. She notes that she is very hardworking and that, as a result of her hard work, she is able to put food on her family's table each and every day. She is requesting a loan in the amount of 50,000 NGN ($350) to purchase more groceries and drinks to sell. She thanks 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
  • $5,856,425
    Funds lent in using Kiva
  • 149.3
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Omolele to expand her business by purchasing additional groceries and drinks for resale purposes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Dec 16, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010