Omolade is excited to take a Kiva loan with LAPO. She will use this loan to invest in a business selling natural honey which she will buy in bulk to get a better price. She is 35 years old, married, and has 2 children. She helps her husband to support the family. She is requesting for a loan amount of NGN150,000 to purchase more natural honey to sell. She says thank you to all kiva lenders for their support.
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