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Philo is a happy and hardworking woman. She is married to a commercial driver and they have four children who are doing well in business and school. Philo sells locally made soap, called soda, at retail prices to her customers. She also sells peanuts and cellophane bags. She works for long hours to support her husband in meeting the basic needs of the family. She hopes to grow her business and is requesting a loan of 100,000 NGN to purchase more locally made soap (soda) to sell. She 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.

About Nigeria

  • $6,100
    Average annual income
  • 28
    View loans »
    Nigeria Loans Fundraising
  • $6,002,400
    Funds lent in using Kiva
  • 148.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Philo to purchase more locally made soap (soda) to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 5, 2010
Mar 16, 2010
Currency Exchange Loss:
Jan 7, 2011