Veronica is a business woman. She runs a beer bar in Lagos and her family lives there, too. She sells drinks to her costumers at retail and from this she makes her living. Veronica has been in the business for years.
As a hard working woman, she also sells pepper soup in order to make additional profit. With the profit she get from the business, she is able to support her family. She is requesting a loan amount of N 180,000 to purchase more drinks and pepper soup spices. Veronica is 40 years old, married with 3 children who are doing well in school. She says thanks to all Kiva lenders for their support.
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