Philo is a happy and hardworking woman. She is married to a commercial driver and they have four children who are doing well in business and school. Philo sells locally made soap, called soda, at retail prices to her customers. She also sells peanuts and cellophane bags. She works for long hours to support her husband in meeting the basic needs of the family. She hopes to grow her business and is requesting a loan of 100,000 NGN to purchase more locally made soap (soda) to sell. She says thanks to 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