Mrs. Florence O. says that LAPO came to her rescue in 2000 when she was in need of money to boost her business. She is 32 years old, married, and the mother of two children. She is from Benin City and sells provisions and drinks to the public. If given an $800 loan, she promises to expand her business and buy more drinks and provisions.
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