Florence lives in Lagos State, Nigeria. She sells kerosene in her house. Florence purchases her kerosene from a depot and she has been in the business for the past 4 years. She is 50 years old and married with 3 children. She hopes for the loan amount of 50,000 Nigerian naira 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