Elizabeth sells bags of cement to make a living. She puts in long hours trying to keep her business sustainable. She is a friendly woman and she uses this skill to attract more customers to her shop. One of her challenges is competitors that she hopes to outsmart when she purchases more bags of cement. She is happily married with six children, and she is 43 years old. She is hoping for a loan of 80,000 naira to purchase more bags of cement to sell. 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