Helen has a farm where she plants cassava to sell to resellers. She also sells fruit and cassava dough. She is a hard working woman and she hopes to lift her family and business above poverty. She is 35 years-old and married with eight children. Her children are still young and dependent on her. She is a Kiva partner Lift Above Poverty Organisation (LAPO) client. She is requesting a loan of NGN 50,000 to purchase more cassava stems to plant and sell. She says a big thank you to 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