Prescious O. is 32 years old, married and has one child. She lives in Benin City, Edo State, Nigeria.
In her store, Precious sells provisions, foodstuffs, and tailoring materials. She needs a loan of $350 to buy more food products such as yams, oil, beans and rice. She hopes to retain her customers by stocking what they need. Through her combined businesses she is able to provide for her family's upkeep.
Precious says thank you to all KIVA lenders and LAPO Microfinance.
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