Mary is 53 years old, married and has four children. She is a committed LAPO client. She sells kerosene. She has been in business for close to six years and is requesting a loan of 100,000 Nigerian naira to purchase kerosene in bulk at a reduced price, thereby increasing her profit and, she hopes, meeting customers' demand. With this business, she hopes to increase her earnings in the long run and be able to better provide for her children's education. She says thank you to all 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