Bolaji is a 40-year-old married woman. She has 3 children. Bolaji sells foodstuffs like yams, elubo (yam flour), garri (cassava flour), and melon in her shop. She lives in Okoko, Lagos state, Nigeria. Bolaji works in her shop from Monday to Sunday. She has been in this business for a long time. Bolaji is asking for a loan of N100, 000 ($850) to increase the inventory she has on hand. She says thank you to all who 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