Rachael is 34 years old and a mother of three children, the youngest of whom is just 13 months old. Rachael's husband sells lubricants to support the home while Rachael sells foodstuffs at retail prices to her customers. Before now, she hawked cooked foods from one place to another. However, with a loan from Kiva partner, LAPO, she was then able to get a stall and sell foodstuffs. Rachael opens her stall daily from 8am to 6pm. She is now requesting a loan of 50,000 NGN to purchase more foodstuffs to sell. She hopes to expand her business. She says thank you to all Kiva lenders and to LAPO.
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