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Victoria

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.

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
  • 28
    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 $1,200 helped Victoria to purchase more clothes, bags, and shoes to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 28, 2008
Listed
Nov 11, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009