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Folake
Folake O.,43, is a LAPO client. She is married with two children and lives in Eleyele, Ibadan, Nigeria. She sells shoes and bags, and hopes to own her own boutique in the future. She is requesting a loan amount of $675 (N100,000) to purchase more shoes and bags to sell. She says thank you to all that make 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

  • $1,188
    Average annual income
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,881,075
    Funds lent in using Kiva
  • 149.8
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Folake to purchase more shoes and bags to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 20, 2009
Listed
Jan 29, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009