Esther T. is 35 years old, married and the mother of two children. She has been in LAPO as a union leader for the past 2 years. She hails from a semi-urban in Benin City, Edo State, in Nigeria. She sells wholesale drinks and provisions. She has been in her business since 2000 and needs a loan of $800 to buy drinks and provisions to sell.
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