Veronica J. is 55 years old and married with four children. She lives in Benin City, Edo state, Nigeria. Her husband works in a hotel.
She sells foodstuffs in a busy market situated in Benin City. She is requesting a loan amount of 50,000 local currency to purchase 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