Margret is married with six children and she is 40 years old. Her husband is a teacher and he also supports their home.
Margret is an honest and happy woman. To make a living in Ughelli she sells cooking oil at retail prices to her customers. Cooking oil is used by Nigerians to prepare mouth-watering cooked foods. She sells her cooking oil in the market. She is hardworking and sells for long hours to enable her to support her family.
The demands for Margret’s cooking oil are high and she hopes to meet the demands of her customers. She is requesting a loan of NGN 80,000 to purchase more cooking oil to sell. She says thanks 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