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Okunlola's Group
In this Group: Okunlola
I. is 44 years old and married with four children. She lives in Lagos with her family. She is very hardworking and, through her hard work, makes sure she has food on the table every day.
I. owns a shop where she sells clothes. She loves her business because of the one-on-one interaction she is able to have with her customers. She is requesting a loan of 80,000 NGN to purchase more clothes to meet customer demand. She thanks 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

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nigeria

  • $1,188
    Average annual income
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,856,425
    Funds lent in using Kiva
  • 150.6
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A portion of Okunlola's Group's $550 loan helped a member to purchase more clothes to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 10, 2010