Mercy sells drinks, groceries, and food to her customers at retail prices. The demand for her drinks is high and, because this is her busy season, she hopes to meet the demands of her customers. She is 32 years old and married with 5 children. Her husband is a commercial motorcycle driver. All of her children are in school, except for the youngest who is still to young to attend.
She is hoping for a loan of N50,000 to purchase a refrigerator so she can sell cold drinks. She is, indeed, grateful 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