Temitope sells phone recharge cards in large quantities as she has a printing machine, and also runs a viewing center. She has been in these businesses for over three years now and needs a loan of N140,000 to purchase more phone recharge cards and DVD tapes, and to improve the video club viewing center. Temitope is 35 years old, married to I. (a fashion designer) and they have three children. 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