Friendly and happy, Charity, a 37-year-old married mother of seven children, sells clothes of various colors and baby things. She is determined to lift her business and family above poverty, but the foremost challenge she faces is losing customers to competitors because she cannot meet demand. Charity has been in this business for a long time and hopes for a loan of 100,000 NGN to purchase more clothes and baby things to sell. She says thanks to all who make the loan possible.
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