Mabel I. is a LAPO client. "Lift above poverty organization" (LAPO) is committed to improving lives in Nigeria and elsewhere in Africa. She sells groceries, foodstuffs, and drinks at retail prices to sustain herself and her immediate family. She has been in this business for a long time. She hopes for the loan amount of NGN 50,000 to purchase more groceries, foodstuffs, and drinks to sell. Mabel is 48 years old, married, and has four children. Her eldest child is 16 years old. Her husband is a civil servant and he also supports the home. She says thanks 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