Dorcas lives in Lagos and sells clothes. Dorcas is a single lady of 26. She has been borrowing from LAPO for the past two years and the loan has boosted her business. Dorcas hopes for the loan amount of N140,000 to purchase more ready-made clothes 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