Mrs. Eunice O., 54 years old, married, and mother of six children, sells provisions and drinks to people in her area. She lives in Benin City, Edo State, Nigeria. Eunice has been in this business for 6 years and hopes to increase her business capital and thus her inventory with the loan of US$ 550 which will permit her to expand her business.
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