Juliet sells drinks and groceries at retail prices to her customers. She loves this business because of the one-on-one interaction that she has with her customers. She hopes to be a major drink distributor in the future. Juliet needs a loan amount of 160,000 Nigerian naira to purchase more drinks and groceries to sell.
She lives in Benin City. She is 29 years old and married with 2 children. Her husband is a businessman. She is a LAPO client. (Lift above poverty organization is committed to improving lives in Nigeria and elsewhere in Africa). She hopes to experience an increase in her business. She says a big thank you to Kiva lenders.
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