Esther is 50 years old and is a widow with five children. She sells drinks, juice and pepper soup. She has been in the business for the past twenty-two years and she has been borrowing from LAPO for the past four years. Her previous loans were invested in her business.
Esther is requesting the loan of N120,000 to purchase more pepper soup ingredients and also more juice and drinks 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