Mabel sells handbags at retail prices in Warri, Delta State, Nigeria. She hopes to own a boutique in the future. She is 39 years old, married, and has 5 children. She is a LAPO client. LAPO (Lift above poverty organization) is committed to improving lives in Nigeria and Africa. Mabel is requesting for a loan in the amount of NGN 100,000 to purchase more handbags to sell. She says thanks 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