Blessing is 30 years old and is happily married to Mr. C., a civil servant. They live in Lagos State. Blessing is a trader and makes a living by running a retail business selling mobile phone recharge cards. She is a client of Kiva partner, Lift Above Poverty Organization, and belongs to Udo group. She pays her loans as and when due.
Blessing hopes to expand her shop from retail to wholesale. For this purpose, she has been able to save a little from her profits. However, this will not be enough so she is requesting a loan of 100,000 NGN to purchase a large quantity of mobile phone recharge cards at a discount. In this way, she hopes to increase sales and make more profit. She sends her thanks to Kiva lenders for their support.
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