Abosede sells foodstuffs at retail prices to her customers. Her customers are usually friends, neighbors and residents. She hopes to expand her business in the future. She loves this business because she is able to help her husband with meeting the basic needs of the family.
She is 38 years old and married with two children. Her children are doing well in school. Her husband sells beef and he also supports the home. She is requesting a loan of 120,000 Nigerian naira to purchase more foodstuffs to sell. She says thank you 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