She is now seeking a loan in the amount of N70,000 ($425) to purchase more foodstuffs and cooking oil for resale purposes. Indeed, this is the high season for sales, so she hopes to generate higher profits by satisfying the increased customer demand. She thanks all Kiva lenders for their support.
Important InformationThe 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
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Success!! The loan was 100% repaid