Yemisi sells frozen food in large and small quantities; she has been in business for over ten years. She purchases frozen food from Cotonu, a border town city by Lagos state, and goes to get goods once every week to meet up with customers' demands. Yemisi is 54 years old and married with four children. She is requesting a loan of N140,000 to purchase goods in bulk at a discount. She says thanks!
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