Kate is 42 years old and is married with seven children. She sells loaves of bread at the market in Benin City, Edo State, and has been in this business for a long time. She is a friendly woman and she uses this skill to attract more customers to her stall to purchase loaves of bread.
Kate hopes for a loan of 80,000 NGN to purchase more loaves of bread to sell. 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