Margaret sells bottles of wine at retail prices to make a living. She hopes to be a major wine distributor in the future. She loves this business so dearly because of the profit. She is an honest and hard working woman. She is married with 5 children and is 49 years old. Her husband is a plumber and he also supports their family. She is requesting a loan in the amount of NGN 80,000 to purchase more bottles of wine 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