Rita is 30 years old and married with two children. She sells used clothes. She hopes to own a boutique in the future. This is the high season for her business and she hopes to make more profits. The demand for her used clothes is high by those in her community that cannot afford new clothes. She hopes for a loan amount of 80,000 NGN to purchase more used clothes 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