Kike sells frozen food like chicken parts, turkey parts and more. She travels to purchase her goods from other towns close to the Lagos border. She has been in business for ten years and, with it, she is able to sustain herself and her family financially.
Kike is requesting a loan of NGN 100,000 to purchase more frozen food to sell to make more profit. She says thanks to LAPO micro-finance and Kiva lenders who have greatly improved her business and family life. She indeed is very grateful to all.
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