For the past 12 years, Elizabeth has been selling sarongs, shoes, bags and ready-made clothes. She is requesting a loan of N100,000 to purchase more of this merchandise to sell. Elizabeth is grateful to Kiva lenders for their financial support in these hard times.
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