Felicia O. is married, has 6 children, and is also a grandmother. Her husband is a retired forest guard, while Felicia herself works as a trader, selling traditional beads and jewellery at retail prices to customers in Benin city. Nigerians love traditional beads, and they are part of all traditional clothing items. The traditional beads in Nigeria are also a mark of honour and respect.
Felicia currently hopes to expand her business; however, she faces the challenge of insufficient capital. She is therefore requesting a loan of a NGN 150,000 to purchase additional beads and jewellery items for sale. Felicia is thankful 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