Cooking oil in Nigeria is used for various things, like cooking and the preparation of local soap called soda. The demand for cooking oil is high. Blessing is happy to be in the business of selling cooking oil because she says that it is highly profitable. She hopes for a loan amount of NGN 160,000 to purchase more cooking oil to sell. She hopes to expand and grow her business. She is 38 years old and married with four children. Her children are excelling in school and this makes her happy. Her husband works with the government and he also supports the home. 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