Felicia sells cooked foods and bottled water. She has been in her business for the past 22 years and she has been borrowing from LAPO for the past 2 years. Felicia lives in Lagos. She is very happy with the financial assistance from KIVA lenders. She is 47 years old, married and has 5 children. She hopes for a loan in the amount of NGN50,000. She will use the funds to purchase more food items and bottled water 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