Fashoro is a devoted member of LAPO. She is 38 years old and married with four children. Her husband is a transporter. She sells automobile engine oil. She has been running this business for the past five years now. She needs a loan of NGN 100,000. She will use this loan to buy oil in bulk to get a better price. She hopes that this loan will help her build a business that will be profitable and provide benefits for her children. 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