Magdalene rears pigs. She is 52 years old and married with 4 children. She lives in Benin City, Edo State, Nigeria and has been in the business for the past 4 years. She is requesting the loan amount of N 100,000 to purchase more piglets to rear and to sell. She thanks all her 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