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Peter
Peter O. is 30-years-old and single. He lives in Benin City where he sells building materials. He worked in this business for two years before opening his own store in 2003. Peter has been a LAPO client for the past for 4 years. He is requesting a loan to purchase more building materials for resale.

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

  • $6,100
    Average annual income
  • 1
    View loans »
    Nigeria Loans Fundraising
  • $5,958,200
    Funds lent in using Kiva
  • 117.7
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Peter to purchase more building materials for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 8, 2008
Listed
Jul 23, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009