Bunmi is married with three children, and she is 40 years old. Her husband is a transporter in Lagos. She says her husband has been trying to do his best to improve the family’s standard of living but she needed to play her own part in providing the children with the basic necessities of life.
Bunmi is a trader, well known for selling dry yam (yam tubers peeled or sliced, parboiled and sun-dried) and yam flour (milled dry yam). She has been running this business for over nineteen years now.
Bunmi needs a loan of NGN 100,000 to purchase more dry yam and yam flour to sell. She hopes that this loan will help her build a business that will be profitable. She says a big thank you 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