Rose is friendly and a hard-working woman. She sells electrical materials to make a living in Lagos state, Nigeria. She sells for long hours to make her business sustainable. She hopes to expand her business in the future by adding the sale of electronics. She hopes for the loan amount of NGN 160,000 to purchase more electrical materials to sell. She is 45 years old and married with 5 children. Her children are still dependent on her and they attend school. 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