Victoria I. owns a large room where she sells and rent VCDs (video compact discs), clothes, shoes, and bags. She also makes phone calls for customers and is a hair stylist.
Victoria is 60 years old and has four children. As a widow, her business has been her major source of income. She needs a loan in the amount of N140,000 to purchase more clothes, bags, and shoes to sell.
Important InformationThe 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
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