Beauty O. is 50 years old and married with eight children. She sells cooked foods like beans, plantains, etc. She also sells drinks. The demands for her cooked foods are high. She desires to expand her business.
Beauty is requesting a loan amount of N100,000 to purchase more foodstuffs to cook and sell to her customers. 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