Mrs. Mary A. is 40 years old and is happily married with eight children. She lives in Ezenchi in Asaba, Delta state, Nigeria. She sells soft drinks, dried fish, and provisions. Mary is requesting a loan of $400 for the purchase of provisions and other foodstuffs for sale in her little grocery store. She started this business last year.
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