Fatimo runs a barbering salon with a viewing center where people gather to watch football matches in same arena. She also sells drinks. She buys drinks in bulk and sells them retail and has been in this business since 2005.
Fatimo is 51 years old, married, and has six children. With the business she is able to assist her husband in supporting the household. She further said they intend to renovate their building, which forms part of where she runs her business, though her profit.
Fatimo is requesting the loan amount of NGN 120,000 to buy more drinks to sell. She expresses her appreciation to all 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