My small black notebook is quickly filling up with lengthy scribble detailing the businesses and lives Kiva lenders are touching in Nigeria. The ever-present entrepreneurial spirit in this country fascinates me while the big-picture political economy boggles my mind.
To put it all in context, Nigeria is the world’s 6th biggest oil producer. Oil revenues constitute over 95% of Nigeria’s export earnings and 85% of the government’s revenue (at US$50 billion in 2006). However, there are frequent power outages, the roads are slow and hazardous riddled with potholes and 57% of the...Continue Reading >>