Oluwakemi O. sells provisions and has been in this business for the past eight years. She sells at retail to her customers. Oluwakemi is 35 years old and married to Mr. O.. They have four children. Oluwakemi needs the loan amount of $850 to purchase more provisions in bulk. This, she said, would enable her to meet the demands of her numerous customers and, thereby, increase her profit, which will enable her to take better care of her family. 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