Gladys owns a restaurant where she sells cooked foods and drinks. She has applied for a loan to buy a generator and more drinks to sell. The generator will allow her to sell cold drinks even during power outages. Gladys is 49 years old, married and has three children. She wishes to express her thanks to all Kiva lenders for their generosity and support.
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