Bolajoke is 35 years of age, married with two kids. She sells drinks at wholesale and retail prices. She started this business 11 years ago in order to support her family by providing the basic necessities of life in the little way she could. She puts in long hours trying to keep her businesses sustainable. One of her greatest joys is the one-on-one interaction she is able to have with her customers. She needs a loan amount of NGN 100,000 to purchase more drinks in large quantity that will increase her sales.
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