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Queen, who is 41years old and married with six children, lives in Benin City, Nigeria where she sells provisions. She took over the business in 1991 from her husband, as they decided that she would run the shop and he would find another income source to help meet the household expenses. Queen likes the business and dedicates her time to its day-to-day operations and planning how to make the business grow.

Queen is asking for a Kiva loan of $850 to buy more provisions. She says that the more selection she is able to offer, the more sales she will be able to make. The capital to keep a store stocked is great while the profits are small and not enough to take care of her family and buy all of the provisions she needs. She is therefore counting on capital from a loan to help her make her shop more successful. She is thankful for any help Kiva lenders can give.

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
  • 118.7
    Nigeria Nairas (NGN) = $1 USD