Funke lives in Ogbomoso, Oyo State, Nigeria. She is 55 years old and married with seven children, all of whom are excelling in school.
Funke makes and sells yam flour, popularly known as “elubo” in Nigeria. “Elubo” is used in the preparation of “amala" (a yam paste or porridge). She has been in this business for a long time. Funke is requesting a loan of 70,000 NGN to purchase more tubers of yam to make more yam flour to sell. She sends her thanks to all Kiva lenders for their financial support.
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