K. is excited to take her loan with LAPO. She sells sarongs, cream and clothes. She hopes for a loan of 140,000 NGN that she will invest in her clothes business. She will buy in bulk to get a better price. K. hopes that this loan will help her build a business that will be profitable and provide benefits for her children. She says thanks to all Kiva lenders for their support. K. is 40 years old and married with five children who are doing well in school.
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