Omotovo is 49 years old and married with seven children. She sells drinks, wine and juice in her shop. She has been in this business for the past 15 years, and has been borrowing from Kiva partner, LAPO, for the past two years. Omotovo is requesting the loan amount of 150,000 NGN to purchase more drinks and juice to sell. She sends her thanks to all Kiva lenders.
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