Blessing U. is 35 years old, married and has 3 children. Her husband is a business man. Her children are still dependent upon her and go to school. Blessing is a committed LAPO client. LAPO (Lift Above Poverty Organization) is committed to improving lives in Nigeria and Africa. Blessing mills palm fruits into cooking oil to sell. Cooking oil is very essential in the preparation of soup in Nigeria. With this business, Blessing helps her husband in meeting the basic needs of the home. She hopes to expand her business. She is requesting for a loan of NGN 100,000 to purchase more palm fruits to mill into cooking oil 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