Monisola is 56 years old and married with two children who are in higher institution of learning. Monisola has been trading on foodstuff like plantain, beans, fufu (native food prepared from cassava) for a long time as she never had a formal education. She says due to family demand she find it difficult put back her profit into the business in other to expand it.Monisola goes to village market buys foodstuff in bulk as they are cheaper there, she comes back and sells in retail and wholesale. She is requesting for the loan amount of N120,000 to purchase more foodstuff. 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