Rita is a hard working woman. She is a tailor and also sells tailoring materials like zip, thread, landings, etc. She is a LAPO client. She hopes to expand her business and is requesting a the loan of N100,000 to purchase more tailoring materials to sell. Rita is 37 years old and is married with 4 children. 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