To earn a livelihood, Anthonia sells local gin. She has been in this business for a long time. She hopes to increase her earnings in the future and be able to better provide for her children’s education. She is 39 years-old and married with five children. She hopes for a loan of 100,000 NGN to purchase more local gin to sell. This is the high season for sales and she hopes to meet the demands of her customers. She says thanks to 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