Doris E. is 46 years old and married with five children. She and her family live in Benin City, Edo state, Nigeria. She sells foodstuffs and she also grinds pepper and other food.
She hopes to meet the demands of her customers, so she needs an additional grinding machine. She is requesting a loan amount of 100,000 to purchase one grinding machine and more foodstuffs to sell. She says thanks to all Kiva lenders for their financial support.
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