Paullina sells foodstuffs like dried peppers, melons, palm oil, groundnut oil, tomato paste, and more at one of the local markets in Benin City, Nigeria. She runs this business to make sure there is food on her table and to take care of other financial needs at home like payment of the children's school fees, buying of school books for her children, etc. She has been able to support her family and play a vital role in the family and that gives her joy in running the business.
Paullina hopes to save part of her income to purchase a plot of land where she can build a house and rent it out, as this will also serve as another income-generating source as the business improves.
She is a member of LAPO Microfinance; she hopes to expand the size of her business in future. She is requesting the loan amount of NGN 150,000 to purchase more foodstuffs to sell. Paullina is 45 years old, married with 5 children, and they are doing well. 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