Olubumi is a hardworking woman. She opens her stall daily from 7 a.m. to 7 p.m. to sell drinks and juice to her customers. She loves this business because she has the opportunity to meet one-on-one with her customers. She hopes to be a major drink distributor in the future. She hopes for a loan of 100,000 Nigerian naira to purchase more drinks and juice to sell. She is 35 years old and married with four children. 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