Charity sells kerosene. She buys her kerosene from other petrol (gasoline) stations and comes home to sell retail. She has been doing the business for the past eighteen years. This one business has been her source of finance.
Charity lives in Delta State. She is 35 years old and has six children, all in school. She wants her children to have a good education in the future.
Charity needs a loan of N80,000 to purchase more kerosene to sell. It will help to boost her business and income. She says thank you for the loan.
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