Eunice R. is 35 years old, married with 4 children. She sells eggs in the open-air market. This business is a source of income to the family. Eunice lives in Benin City and has been with LAPO for 6 years; she has been in this business since 1992.
Eunice hopes to receive a loan of US$ 250 so that she can buy more eggs for resale and improve her turnover and thus her profits.
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