Simiatu A. lives in Okoko, Lagos state, Nigeria. She sells fruit, such as mangoes, oranges, and watermelon. She started selling fruit in 2006. Simiatu is 35 years old and married with five children. She needs the loan amount of $850 to buy rice and groundnut oil. She wants to add these items to her fruit business, because she says that this will increase her profits. She says thank you to all that made this loan possible.
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