For several years now, she has been in the business of selling women's clothes and sarongs in her shop. She explains that she has been with LAPO for over two years. Alice is seeking a loan in the amount of N50,000 ($350) to purchase additional sarongs for resale purposes. She thanks all Kiva lenders for their continued support.
Important InformationThe 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
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