Isioma, a 40-year-old mother of five children and wife of Mr. A., a civil servant, sells foodstuffs and drinks, a business that enables her to support her family's basic needs and necessities. With her loan request of N100,000, Isioma plans to expand her business, which is now booming. She hopes to increase her earnings in the long term and be able to better provide for her children's education. The greatest challenge she faces in her business is power failures. She and her family say thanks to 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