M. is a single lady of 26 years. She lives in Lagos State, Nigeria where she sells provisions, shoes, ladies bags, cosmetics and drinks. She has been in this business for the past nine years. M. has been in LAPO Microfinance for three years. She is requesting a loan of N150,000 to purchase more provisions, ladies bags, shoes and cosmetics to enable her to meet her customer's demands. She says thanks to all Kiva lenders and LAPO Microfinance for the financial support.
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