Gloria O. is a young woman of 42. She is married and mother of 5 children, and she has been a LAPO client for over 7 years. Gloria sells kerosene by the gallon to market men and women in her community. She has been in this business since 1995. The above loan amount (US$ 1,175) is to help Gloria improve her turnover by purchasing more kerosene for resale.
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