Elizabeth B. is 45 years old and married with four children. Her eldest child is 16 years old. Elizabeth lives in Ibadan, Oyo State, Nigeria. She bakes and sells cakes. She also sells baking ingredients, such as bags of flour and baking powder, at retail prices to her customers. This is the high season for her business and she hopes to make more profits during this season.
Elizabeth is requesting a loan in the amount of 50,000 NGN to purchase more baking ingredients to sell. She says thank you 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