Felicia O. makes jewelry with choral beads and sells other jewelry in her business. She is 60 years old, and married with six children. She has been with LAPO for the past 3 years as a leader of a union. She lives in Benin City, Edo State, Nigeria. Mrs. O. needs a loan of $800 to buy more coral beads and jewelry. She is optimistic that with this loan she will be able to improve her business by increasing her inventory.
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