Osadara O.'s business is distinguished from other shops because of her colorful arrangement of food stuffs, ranging from thin tomatoes, sachet water etc. She also has a deep freezer which is used for selling frozen food like turkey, fish and chickens which has allowed her to meet the demand of her numerous customers. She acquired the skill of trading for 6 months. Osadara has being borrowing from LAPO Microfinance for the past 3 years and she has beeen in her business since 2007. She requests the sum of $1200 to enable her to buy an additional deep freezer and generator so that she can serve her customers better.
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