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Olubisi
Olubisi S. sells provisions and drinks. She has been in this business for a long time. Olubisi needs a deep freezer to cool her drinks for her customers.


Olubisi is 37 years old and married with 3 children. She is a LAPO client and lives in Ajamgbadi, Lagos State, Nigeria. She needs a loan amount of $425 to buy one deep freezer so that she can cool her drinks for her customers. Olubisi says that this will increase her customers. She says thank you.

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
  • 5
    View loans »
    Nigeria Loans Fundraising
  • $5,885,825
    Funds lent in using Kiva
  • 118.0
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Olubisi to buy more provisions and one deep freezer.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 18, 2008
Listed
Sep 4, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009