Bashiru has a multi-faceted business. She has two grinding machines that she uses to grind tomatoes, beans, pepper and corn. She also sells foodstuffs.
Bashiru is an LAPO client. She hopes for a loan of N50,000 to purchase more foodstuffs to sell. She wants to increase her business and thereby her profitability.
She says thank you to LAPO Microfinance and to Kiva lenders for their financial support.
Important InformationThe 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
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