Violet sells bags of rice and cooking oil. She would like to expand her business, and is hoping for a loan of NGN 160,000 to purchase more bags of rice and cooking oil to sell. She hopes to lift her business above poverty. Her husband is a technician and they have four children. Her husband also supports the home. Her four children attend school and she hopes they will graduate in the future. Her youngest child is three years old. 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