E. is the headmistress of a primary school in the Ikotun area of Lagos. She also has a shop where she sells washing soaps of all kinds. She has two sales attendants who assist her in the trade. E. gets her supply of goods directly from the various manufacturing companies, at a discount. She started this business five years ago. She is requesting a loan of N100,000 to purchase more soap to sell. With her paid job and this business E. assists her husband in providing for the needs of the family as he does not have a stable job. E. is 40 years old and has four children.
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