Kikelomo sells drinks in retail and in bulk. She purchases directly from the company. The larger the quantity, the more discount one gets. Kikelomo needs a loan of N140,000 to purchase more crates of drinks for sale. Kikelomo is 41 years old, married to K. and they have three children. 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