Maria O. specializes in the sales of food stuffs and drinks (local drinks). She has learnt this business from her mother-in-law. She is 30 years old and married with 3 children. She is a native of Esan. In addition she has been an LAPO client for 2 years. She needs the above loan to buy more food stuffs and drinks to sell in her local store.
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