Iyabo is 45 years old and married with four children. Her children assist her in her trade business when they are not in school. Iyabo sells drinks and has been in this business since 2004. She buys drinks from big distributors and sells to retail. Iyabo says she is requesting the loan of N140,000 in order to purchase directly from the company at a reduced rate. She says thank you to all who consider her situation and request.
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