Kemi S. is 40-years-old, married with four children. The family lives in Ojodu, Lagos State, Nigeria. Kemi has been selling eggs since 1996.
She is requesting a loan to buy a deep freezer so that she can begin selling frozen foods, thereby expanding her business and increasing her profit margin. She says thank you.
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