Abosede is 35 years of age, and married with three children. Her husband is a civil servant in Lagos. She sells drinks both wholesale and retail. She started this business 8 years ago in order to support her family in the little way she can by providing the basic necessities of life. She needs a loan amount of NGN 170,000 to purchase more drinks in larger quantities to sell. She believes that having an assortment of drinks will increase her sales. She says a big thank you to all Kiva lenders for their financial support.
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