Florence buys and sells kerosene at retail prices to her customers. She gets kerosene directly from the depot as she is a big dealer and has been in this business since 2000.
Florence is requesting a loan of NGN 150,000 to buy more kerosene to sell. With part of her profit and what her husband brings home they are able to clothe and feed the family and also take care of their house rent as they are yet to have a building of their own.
Florence is 48 years old and is married with six children. She expresses her gratitude to all 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