Amakachukwu sells soup items like dried fish, salt, melon and more. She has been in this trade for many years now. She is requesting a loan of NGN 70,000 to purchase more soup items in large quantity to sell. This, she said, will reduce the cost price and transportation to market and will increase profit, as she will be able to serve her clients better. This also will help her care for her family needs.
Amakachukwu is 36 years old and married to Mr. U. who sells foodstuffs. They have five children. Her children are between the ages of 3 and 10 years old. She hopes to help her husband sponsor the children’s education. Amakachukwu and her family lives in Lagos state, Nigeria. She says a big thank you to all 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