Elizabeth is a 58-year-old woman, married, with 5 children. Her children are doing well in school and business. She sells household and gift items like cooking pots, plates and cups. She has been in this business for a long time and she uses her experience to attract and retain more customers. She hopes to grow her business. Her greatest challenge in her business is funds and she hopes to overcome this challenge. She is a hard-working woman. She is requesting for a loan in the amount of NGN 170,000. She will use these funds to purchase more household and gift items. She has a good relationship with LAPO. 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