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Violet
Violet sells bags of rice and cooking oil. She would like to expand her business, and is hoping for a loan of NGN 160,000 to purchase more bags of rice and cooking oil to sell. She hopes to lift her business above poverty. Her husband is a technician and they have four children. Her husband also supports the home. Her four children attend school and she hopes they will graduate in the future. Her youngest child is three years old. 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. http://www.kiva.org/partners/20

About Nigeria

  • $1,188
    Average annual income
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $5,853,475
    Funds lent in using Kiva
  • 151.0
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Violet to purchase more bags of rice and cooking oil to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2010
Listed
Feb 11, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 10, 2010