Bummi produces and sells hair and body cream on a wholesale and retail basis to customers within her community in Lagos state, Nigeria. She started this business seven years ago. She hopes for the loan amount of N140,000 to purchase more materials to produce body and hair cream to sell.
Bummi is 47 years old and married with three children. She says thanks to all Kiva lenders.
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