Idowu is a LAPO client. She sells kerosene at retail prices to her customers. She has one tank that she uses to store her kerosene. She hopes to sell kerosene at wholesale prices to her customers in the future. She is 38 years old and married with a child. Her husband is an engineer. She has been in this business for 5 years. She is requesting the loan amount of 100,000 NGN to purchase more kerosene to sell. She says thank you to all Kiva lenders.
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