Alice is 60 years old and married with four children. She sells sarongs of various colors and sizes in the market; she has been in this business for a long time. This is the high season for her business and she hopes to be able to meet the demands of her customers. She is seeking a loan in the amount of N80,000 to purchase more sarongs to sell to keep up with demand. She says thank you 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