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Funmi sells rechargeable phone cards at retail prices to her customers. She hopes to be a sole distributor of rechargeable phone cards in future. She has been in this business for a long time. She is 32 years old and married with 3 children. She sells for long hours to enable her to support her husband in meeting the basic needs and necessities of the family. Funmi hopes for the loan amount of 160,000 NGN to purchase more rechargeable phone cards to sell. She says thanks to all Kiva lenders.

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
  • 211
    View loans »
    Nigeria Loans Fundraising
  • $6,543,750
    Funds lent in using Kiva
  • 149.7
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Funmi to purchase more rechargeable phone cards to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Nov 9, 2009
Dec 7, 2009
Currency Exchange Loss:
Aug 26, 2010