Sarah sells food items, such as garri, rice and yam flour. She buys in large quantities and sells to retailers. She is hard working and she has to leave home as early as 5am to be able get goods to buy from the market to stock her shop. She has been in business for six years. With this business, she supports her husband, a school teacher, in order to provide for his family's needs.
She wants to expand her business. She is requesting for a loan of NGN 100,000 to purchase food items in bulk at a discount to sell.
Sarah is 56 years old, married, and has six children and they are doing fine in Lagos, Nigeria. She says thank you to 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