Olayinka is 39 years old and married to Mr. O.; they have one child. Olayinka is a Lapo client; she sells provisions and has been in this business since 1998. Recently, she started selling kerosene. Olayinka hopes to buy and sell kerosene in the wholesale market. She is seeking a loan of 1200 USD to buy kerosene wholesale to sell. She says thank you to all Kiva lenders and to 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