Beatrice sells cooking oil at retail prices to her customers. She sells her cooking oil at home and in the market and started this business seven years ago. Cooking oil is used in the preparation of Nigerian cooked foods. She loves this business because it is highly competitive.
Beatrice is 48 years old and is married with five children. Her children are excelling in school. Beatrice is requesting a loan of NGN 100,000 to purchase more cooking oil to sell. She says thank you to all Kiva lenders.
Beatrice is a LAPO (Lift above poverty organization) client. LAPO is committed to improving lives in Nigeria and elsewhere in Africa.
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