Roseline is 58 years old, married with 6 children. She owns a store where she sells drinks and bottled water at wholesale and retail prices. Her husband sells building materials to support their household. Roseline has been in this business for 31 years. She is requesting a loan of NGN 100,000 to purchase more drinks to sell. She hopes to expand her business. She appreciates 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