B. owns a shop where she sells a variety of foods including frozen food and milling tomatoes (a variety of tomato) to her customers. She loves her business and wishes to expand her business in the future. She is married to Mr. Olatunji and they have four children. They live in Lagos.
B. is requesting a loan of 80,000 NGN to expand her business to meet her customers' demands.
She is 42 years old and a hard-working woman. She says thanks to all Kiva lenders for their financial support.
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