Phina sells medicines at retail prices to her customers. She loves this business because of the one-to-one interaction that she has with her customers. She hopes for a loan amount of NGN 50,000 to purchase more medicines to sell. She hopes to own a maternity home in the future. Phina is married to a businessman and they have a lovely 4 years old child. Phina is 32 years old and she hopes to lift her business and her family above poverty. 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