Ufuoma O. owns a store where she sells bags of rice and beans, wholesale and retail. She travels to Lagos State to purchase her bags of rice and beans to sell in Benin City. She has been in this business since 2005. She needs the loan amount of N60, 000 to purchase more bags of rice and beans 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