Dorcas sells provisions, hair cream, and hair extensions. She needs the loan amount of N50,000 to purchase more provisions and hair extensions to sell. Dorcas is 32 years old and married with a child. She hopes to own a big supermarket in future. She is indeed grateful 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