"There has been an increase in my business since I started borrowing from LAPO," says Mrs. Chioma O., who hails from the urban sector in Benin City, Edo State, Nigeria. She 32 years old, married, the mother of three (3) children. She bas been in this business since 2005 and needs the loan amount of $800 to buy more cloths and shoes for sale. She has been a LAPO client for 7 years.
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