Edith is a trader and she sells groceries, kerosene and foodstuffs such as rice, beans, garri (cassava flakes), soaps, milk and cooking oil. She started this business 4 years ago and she is doing well.
She is 44 years old, married with 6 children. Her husband is a musician and he also supports their household. She hopes to see her business grow bigger and stronger. She needs a loan of NGN 150,000 to purchase more groceries and kerosene 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