Esther E., who operates a restaurant business, solicits the loan amount $550 to enable her to buy more food items and drinks to boost her restaurant business. She is 62 years old and a widow, mother of 6 children, and she has been a faithful member of LAPO for the past 7 years. She lives in Benin, Edo State in Nigeria and has been in business since 1989.
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