Betty is 39 years old and married to O., who is a technician. They do not have a child yet. Betty has two machines for making ice-blocks. She sells ice blocks both wholesale and retail to her customers. She hopes for a loan in the amount of NGN140,000 (US$975) to purchase one additional ice-block making machine. She says this will enable her to produce more ice blocks 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