41-year-old Olamide lives in Lagos State, Nigeria. She buys eggs and sells eggs from the comfort of her home. She goes to poultry farms both far and near in order to get more eggs to sell to her customers and make more profit.
Olamide is asking for a loan of NGN 140,000 to purchase more eggs to sell. This, she said, will increase her sales and meet her customers’ high demand. She is married with a child who is in primary school. She helps her husband, a driver, to provide the family's basic needs. She says thanks to all 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