Victoria is 36 years old and married with 4 children. Her children are still young, and they are dependent on her. Her husband is a mechanic, and he also supports their home. She sells motor spare parts to make a living. She has been in this business for 11 years, and she is itching for expansion in her business. She lives in Ogbomoso, Oyo state, Nigeria. She is a LAPO client. She needs a loan in the amount of 100,000 NGN to purchase more motor spare parts to sell. She duly thanks 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