Folashade sells crates of drinks at retail prices to her customers at her stall. She has been in this business for a long time. She loves this business because it is highly competitive and she makes a lot of profits.
Folashade lives in Lagos State, Nigeria. She is 38 years old and married with two children. Her children are in a private secondary school.
This is the high season for business and Folashade hopes to meet the demands of her customers. She hopes to expand her business with a loan of NGN 140,000 to purchase more crates of drinks 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