Grace is 32 years old and the mother of three children, all of whom are in primary school. Her eldest child is 11 years old. Grace and her family live in Benin City, Edo State. Her husband is a civil servant.
Grace sells groceries at retail prices to her customers and has been in this business for three years. She hopes to own a supermarket in the future. She hopes for a loan of NGN 100,000 to purchase more groceries to sell. She says thank you to all Kiva lenders.
Grace 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