Bosede is married to a land surveyor and they have four children. She has a shop where she sells drinks to make a living. She loves her business because of the one-to-one interaction that she has with her customers. Bosede is requesting a loan of 50,000 NGN to purchase more drinks to sell. In the future, she hopes to own a world-class drinks shop and be able to give her children a good quality education. She says thank you and promises to repay her Kiva loan promptly.
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