Yetunde T. is 35 years old and married with 2 children. Her eldest child is in primary school while the younger child is a baby. She sells groundnut oil at retail to her customers. She is requesting the loan amount of 50,000 Nigerian Naira to purchase more groundnut oil to sell. She says thanks to 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