Agnes is 58 years old and is divorced with 4 children. She is a friendly and hard-working woman. She sells foodstuffs like bags of garri (cassava flakes) to make a living. She loves this business because of the one-on-one interaction that she has with her customers. She hopes for a loan amount of NGN 80,000 to purchase more foodstuffs to sell. She hopes to sell at wholesale prices to her customers in the future. She says thanks to all 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