Amaka owns a shop where she sells foodstuffs like beans, rice and maize. She has been in this business for over 8 years. She does this to sustain herself and her family. She wants to expand her business so she is requesting a loan of NGN 80,000 to purchase more foodstuff to sell to maximize her profit.
She is 35 years old, married with 4 children and lives in Lagos. She thank all lenders for their assistance.
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