Olubunmi is 39 years old and is married with two children. For the past ten years she has sold groceries and this has been her major source of income.
Olubunmi wants to expand the size of her business in order to get maximum profit and also to meet her family’s needs. She hopes for the loan amount of N100,000 to purchase more groceries to sell. It will also support her in helping her family to meet her children’s academic needs. She thanks you.
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