U. has a big depot where she sells drinks; she gets her supply directly from the manufacturing company. She started this business a year ago; before that she sold sarongs. U. is 46 years old, married and has five children. She needs a loan of N120,000 to purchase more drinks. She promises to pay back the loan 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