Mama Tope as she is known (Kikelomo M.) has been in the kerosene business for the past eight years. She buys in drums from suppliers and sells out in retail size containers. With profits from this business, she has been able to assist her husband and improve her family's life style. Kikelomo is 49 years old and they have six children. She needs the N150,000 loan to purchase more kerosene to meet customer demands. Mama Tope says thank you.
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