Shola is 56 years old and divorced with three children. She has sold bunches of plantain (a fruit like a large banana) in retail and wholesale to her customers since she started this business eight years ago. She hopes for the loan amount of N100, 000 to purchase more bunches of plantain to sell. Shola promises to pay back her loan promptly. 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