Angela sells groceries and tailoring materials to make a living in Lagos, Nigeria. She is a hardworking woman; she opens her shop every day of the week and she is customer-friendly. She wants to sell her goods both wholesale and retail in order to meet her customers' demands and make more profit.
Angela is asking for a loan of 80,000 nairas to purchase more groceries and tailoring materials to sell. This will enable her to save and help her husband in keeping the home.
Angela is 35 years old and married with three children. Her family lives in Lagos where she manages her four-year-old business. She expresses her gratitude to lenders for their financial assistance.
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