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During a visit to A., it was discovered that she has a small kiosk where she sells cosmetics. Although the kiosk is small according to her, the business is moving and booming. “I have been managing the little loan that I borrowed from LAPO Microfinance to sustain my business," she said. She acquired the skill over 3 years and she has been in this business since the year 2000. She is 34 years old and she is married with 4 children. She has been a leader in a lending group for the past 5 years.

A. needs the sum of $700 to buy more cosmetics so that she can expand her business, thereby increasing her profit margin. She remains grateful to Kiva 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.

About Nigeria

  • $6,100
    Average annual income
  • 0
    View loans »
    Nigeria Loans Fundraising
  • $6,385,100
    Funds lent in using Kiva
  • 117.8
    Nigeria Nairas (NGN) = $1 USD