Idowu sells electric stoves to wholesale and retail customers. She hopes to be a major distributor in the future. She loves this business because of the one-on-one interaction she has with her customers. Idowu is also happy that she is the only person in her community who sells electric stoves. She has been in this business for a long time. She is requesting a loan of N100,000 to purchase more electric stoves to sell.
Idowu is 43 years old, and married with 3 children. 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