Ngozi owns a restaurant where she sells cooked food, drinks and sachet (polythene-bagged) water. She opens her shop from Monday to Saturday from 5 a.m. when she starts cooking until 6 p.m when she closes.
Ngozi is 40 years old and married with six children. She is requesting the loan of N150,000 to purchase more foodstuffs and drinks. She says thank you.
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