Fedelia sells cooked food and drinks. She has been in this business for 15 years. Fedelia opens her shop by 6:00 A.M. to prepare for workers going to work by 8 A.M., and she closes by midnight, from Monday to Sunday. Fedelia lives at Ilaje, is 40 years old, married and has 5 children. Fedelia is requesting a loan for $550 (80000 NGN) to purchase more drinks and food items to cook and sell. She thanks you for your 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