Mrs. Patricia I. is 51 years old, married, and has 8 children. Patricia is a dynamic client of LAPO who sells provisions and drinks to the community. She has been in this business since 2001. She said that with this business she is able to send her children to school. She is eager to buy more provisions and drinks and expand her business if the US$550 amount is approved for her.
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