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Omowumi, 35 years old and married with 4 children, has been selling bags of charcoal for the past year, travelling twice a month to Oyo State to buy the charcoal to sell in Lagos State. She is now requesting a loan to buy additional charcoal to sell. Omowumi is very happy about the help being rendered to her by Kiva lenders and LAPO MICROFINANCE.

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
  • 29
    View loans »
    Nigeria Loans Fundraising
  • $6,002,400
    Funds lent in using Kiva
  • 117.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Omowumi to buy more bags of charcoal to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Nov 28, 2008
Nov 7, 2008
Currency Exchange Loss:
Jul 15, 2009