Ruth has a bar and restaurant where she sells drinks and Nigerian cooked foods. Her customers love her cooked foods and she has high patronage. She loves her business because of the one-on-one interaction that she has with her customers.
Ruth is married with six children and she is 40 years old. Her husband is a civil servant and he also supports their home. She has been in this business for two years. She hopes to grow her business. She is requesting a loan of 30,000 Nigerian naira to purchase more drinks and foodstuffs to cook and 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