Safu is 50 years old and married, with three children. She sells ground pepper to earn a living in Lagos state. She has been in this business for more than 15 years. Safu is determined to make sure that she meets her customers' demand, and to meet the needs of her family and home.
Safu is asking for a loan of NGN 70,000 to buy pepper in bulk, as this will allow her to buy at a discount, increasing her profit. She thanks Kiva lenders for their support.
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