Feyikemi is 40 years old; she lives with her family in Lagos State, Nigeria. She is married and blessed with 4 children. Her husband manages to earn his living in a private hotel in Lagos.
Feyikemi sells groceries like tea, tinned milk, corn flakes, etc. She has been in the business for five years. She hopes to stock her shop with more goods as this will attract more customers to her shop and increase her proceeds after sales. She is asking for a loan of NGN 140,000 to purchase more groceries at a reduced price. This, she said, will increase her profit and her ability to satisfy her customers. Feyikemi expresses her gratitude 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