Osaretin is 55 years old and married with 6 children. Her husband is a mechanical engineer. Osaretin is an LAPO client. She sells foodstuffs such as onions, tomatoes, peppers and crayfish, in the market in Benin City. She hopes to expand her business. She has been in this business for a long time. Osaretin is requesting a loan in the amount of NGN 100,000 to purchase more foodstuffs to sell. She says thanks 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