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Kikelomo
Mama Tope as she is known (Kikelomo M.) has been in the kerosene business for the past eight years. She buys in drums from suppliers and sells out in retail size containers. With profits from this business, she has been able to assist her husband and improve her family's life style. Kikelomo is 49 years old and they have six children. She needs the N150,000 loan to purchase more kerosene to meet customer demands. Mama Tope 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

  • $6,100
    Average annual income
  • 21
    View loans »
    Nigeria Loans Fundraising
  • $6,000,275
    Funds lent in using Kiva
  • 147.3
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Kikelomo to purchase more kerosene to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2009
Listed
Mar 22, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009