Mary sells second-hand bags, shoes and bed sheets. Mary hopes for the loan amount of N100,000 to purchase more second-hand shoes and bed sheets to sell. Mary is 41 years old and married with two children. She says thank you to Kiva lenders and promises to repay her loan promptly.
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