V. sells kerosene. She has been in this business for the past 10 years. As a widow with 3 children, life is not easy for her, she pays their school fees, feeds and clothes them. V. is 61 years old and she lives in Lagos State, Nigeria. V. is requesting for the loan amount of $950 to purchase more kerosene to sell. She thanks 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