Rose is the 36-year-old mother of three children and she is married to O. who sells timber.
Rose sells local gin at retail prices to her customers and also sells soft drinks. She says her expectation is to see her business expand. She is requesting a loan of NGN 70,000 to purchase more local gin to sell. She says thanks to all Kiva lenders.
Rose 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