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Vera
Vera O. is 48 years old and married with 7 children. She is a client of LAPO [Kiva's Field Partner] and a leader of a lending group under LAPO microfinance. Vera sells yams and palm oil. She has been in this business for a long time. Vera has so many customers because yams and palm oil are essential foodstuffs that are used on a daily basis in Nigeria. Vera needs the loan amount of N102,000 to purchase more yams and palm oil to sell. She says thank you to all Kiva lenders and LAPO MICROFINANCE for their financial support.

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
  • 29
    View loans »
    Nigeria Loans Fundraising
  • $6,002,400
    Funds lent in using Kiva
  • 117.9
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Vera to purchase more yams and palm oil to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 28, 2008
Listed
Nov 8, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009