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Bukola
Bukola is 32 years old. She is married and has three children. She is a committed LAPO MICROFINANCE client who has never defaulted on her LAPO loans. Bukola sells children’s clothes and has been in this business for the past five years. She is asking for a loan of 50,000 naira ($425) so that she can buy clothing in bulk. With this extra inventory, she'll be able to meet customer demand during the festive season. She says thank you to all that made this loan possible.

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
  • $5,954,175
    Funds lent in using Kiva
  • 117.7
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Bukola to purchase children's clothes for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 28, 2008
Listed
Nov 20, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009