Mulikat sells natural medicines to make a living in her community. Natural medicines are essential in Nigeria and the demand for them is high. She makes the natural medicines by herself, using herbs and roots. She hopes to own a natural medicine clinic in the future. She hopes for the loan amount of NGN 50,000 to purchase more herbs to make more natural medicines to sell. She has been in this business for a considerable number of years. 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