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Adedotun
Adedotun, an honest and hardworking man, produces and sells paint in Ogbomoso, Oyo State, Nigeria. He has been in this business, which he loves, for four years, and he hopes to own a big paint company in the future. Adedotun, 31 years old and married with a child, is requesting a loan amount of NGN 80,000 to purchase more materials to produce more paint to sell. He says thanks 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
  • 15
    View loans »
    Nigeria Loans Fundraising
  • $5,891,700
    Funds lent in using Kiva
  • 150.2
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Adedotun to purchase more materials to produce paint.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Mar 8, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 10, 2010