Grace sells blocks of ice to her customers, who are vendors in the business of selling drinks and wine. She has been in this business for a long time. She hopes to obtain a loan in the amount of N100,000, which she wishes to use to purchase one deep freezer and more ice blocks to sell. She is 35 years old and she is married with four children. She sends her 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