H. sells soft drinks and foodstuff. She has been in this business for the past two years. She needs a loan of NGN 140,000 to purchase more drinks and foodstuff so as to meet the demand of customers. H. is 52 years old and married, with two children. She promise to pay back and 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