Philomena sells crates of eggs at retail prices to her customers. She loves this business because of the one-on-one interaction that she has with her customers. She hopes to be a major distributor of eggs in her community in Sapele. She hopes for a loan of N80,000 to purchase more crates of eggs to sell.
Philomena is 43 years old and married with four children who are excelling in their education. She is indeed grateful to all Kiva lenders for the 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