Maureen is 39 years old and married with three children. She lives in Lagos and for the past ten years has sold cooked foods from her house. She has been borrowing from Kiva partner, LAPO, for the past two years and the loans have increased her business. She is requesting a loan of 70,000 NGN to purchase more foodstuffs to cook and sell. She sends her thanks to all Kiva lenders for their financial support.
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