Favour is business a woman who sells groceries and drinks at retail prices. She has been in business for four years. She hopes to improve and expansion her business.
She is requesting the sum of NGN 100,000 as a loan to purchase more groceries, food stuff and drinks to sell. This will attract more customers, reduce costs per item on the wholesale level and increase her profits.
Favour, 43, is hard worker, married with 2 children. They are 15 and 17 years old. She hopes to support their education. They live in Lagos State, Nigeria. She says thanks to all Kiva lenders for their 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