Grace is 53 years old and she is the mother of 7 children. She is a hard-working woman and she is also experienced in her business. She sells planks at retail prices to her customers. She hopes to sell planks at wholesale prices to her customers in the future. She hopes for the loan amount of NGN 120,000 to purchase more planks to sell. She sells for long hours to enable her to assist her husband in meeting the basic needs of her family. 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