This loan has been FULLY FUNDED by 33 lenders!

Toyin Oluwafemi
|

Status: Paying Back

$1,000
Loan Request
Pre-Disbursed : Feb 2, 2010
Listed: Feb 9, 2010
Funded: Feb 9, 2010
Looking for a Fundraising Loan?
0% repaid

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About the Loan

Location: Lagos State, Nigeria   Repayment Term: 10 months
(more info)
Activity: Manufacturing   Repayment Schedule: Monthly
Loan Use: To purchase more bags of cement and sand to mold more blocks to sell   Currency Exchange Loss: Possible
      Default Protection: Not Covered
Toyin sells cement blocks to earn a living. She loves this business because it is highly profitable. She is requesting the loan amount of NGN 150,000 to purchase more bags of cement and sand to mold more blocks to sell. She hires laborers to mold the blocks for her to sell. Her customers are usually home-owners and building contractors. She hopes to be a major cement block distributor in the future.



Toyin is 40 years old and married to Mr. Oluwafemi who is an accountant. They have four children. Toyin says thank you to all Kiva lenders.



Important Information About This Loan
LAPO is pro-poor Microfinance Institution based in Benin City, Nigeria. The organization involves in activities which promote self-employment through microfinance services, development education for social transformation and health awareness programs aimed at alleviating poverty. LAPO’s commitment to creating credit to low-income people thus, seeking to improve their standard of living, unequivocally explains their high degree of social performance. From 2006 to date, LAPO has been making tremendous strides with Kiva and its lenders to deliver sound economic and social services for fighting poverty and empowering the disadvantaged lot in Nigerian society.


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About the Country

Country:Nigeria
Avg Annual Income:$1,188
Currency:Nigeria Nairas (NGN)
Exchange Rate:151.5500 NGN = 1 USD
33 Lenders to this Entrepreneur

carsten
durham, NH
United States

Anonymous
New York, NY
United States

Pam
Fort Wayne, IN
United States

M
Hellerup,

Sonnenbad
Berlin, KivaFriends.org
Germany

Sue
Seattle, WA
United States

tyler
southlake, TX
United States

Stephen
South River, NJ
United States

Nossebro skola
Alings,
Sweden

Peter
Chicago, IL
United States

hera
hafrsfjord, stavanger,
Norway

Peter
Haapsalu,
Estonia

Casey
Milford, OH
United States

PRIMEAU
COLCHESTER, VT
United States

Anonymous
Alpine, UT
United States

Andrew
Bennington, VT
United States

DJ's Daughter
Chicago, IL
United States

Reid
Decatur, GA
United States

Paul
Layton, UT
United States

Meghann
Washington, DC
United States

Catherine
Felton, CA
United States

LaShawn
Norfolk, VA
United States

Andras
Budapest, Budapest
Hungary

Dina
The Villages, FL
United States

Bill
Laramie, WY
United States

Betty & David
Benton, KS
United States

donna
centennial, CO
United States

Anonymous

Drew
HUNTINGTON, IN
United States

Suzan
San Luis Obispo, CA
United States

FairSpirit microkrediet
Utrecht, Utrecht
Netherlands

Susan Farrar
Clinton, WA
United States

lynde
Sugar Land, TX
United States



Top Lending Teams for this Entrepreneur


Netherlands
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Bennington College
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Team Obama
Common Interest
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Team Europe
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The Emory MicroCredit Club
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Journal entries for Toyin Oluwafemi


Subject: Loan to Toyin Oluwafemi in Nigeria has been 100% funded
Location: Lagos State, Nigeria

Thanks to you and 32 other Kiva Lenders, the $1,000.00 loan requested by Toyin Oluwafemi in Nigeria has been 100% funded. The loan will be used for the purpose of: To purchase more bags of cement and sand to mold more blocks to sell.

Over the months of this loan, Kiva’s Field Partner in Nigeria, Lift Above Poverty Organization (LAPO), will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lagos State, Nigeria
Feb 9, 2010
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Kiva Help Repayment Schedule for Toyin Oluwafemi

  Expected Repayments Actual Repayments Comments
May 2010 $125.00 Available May 1  
June 2010 $125.00 Available Jun 1  
July 2010 $125.00 Available Jul 1  
August 2010 $125.00 Available Aug 1  
September 2010 $125.00 Available Sep 1  
October 2010 $125.00 Available Oct 1  
November 2010 $125.00 Available Nov 1  
December 2010 $125.00 Available Dec 1