When visiting Patience B.’s business you will learn that her freezer used in selling drinks and sachet water is located in her parlor. According to Patience, good customer relationships are needed for customers to patronize a business and she has been able to achieve this because she is an extrovert. She lives in Okoko Lagos State Nigeria and at 28 years of age she has 3 children. She acquired the skill for this business in 6 months. Patience has been in her business since 1997 and requests a loan of $450 to enable her to buy more drinks and sachets of water for sale.
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