Monsuratu is 48 years old, married and has four children. Her children are aged 9 to 28 years old. They also assist her in the trade when they are back from school. She hopes to expand more on her business so she can make a good profit for her business and family upkeep.
Monsuratu buys and sells drinks and also sells cooked food to her customers. She has been in this business since 1998.
She is requesting for a loan of NGN 100,000 to purchase drinks and food items in bulk at a reduced rate so she can sell more and make more profit as well. She says thank to all 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