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Fumilayo
Fumilayo is a photographer. She has her own photography studio. Fumilayo takes pictures at weddings, funerals, birthdays, and other ceremonies. She needs a loan of 140,000 naira ($1200) to purchase a digital computer printer and a generator. Her customers are asking for faster photo processing times, and she wants to meet this demand. Fumilayo is 34 years old. She is married and has three children. She says thank you to all Kiva lenders for their financial support and LAPO MICROFINANCE for their business training.

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
  • 21
    View loans »
    Nigeria Loans Fundraising
  • $6,000,275
    Funds lent in using Kiva
  • 117.7
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Fumilayo to buy a digital computer printer and generator.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 28, 2008
Listed
Nov 20, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009