Queen sells wholesale oranges to her customers. She travels to Edo state to purchase her oranges and sells them in Lagos state. Queen is 44 years old, married, and has 5 children. Queen is requesting for a loan in the amount of NGN120,000 ($825 US) to purchase more oranges to sell. She says thank you.
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