Mrs. Lucy E. is a 41 year old woman who has a mini Depot where she sells drinks wholesale to retailers and also sells food items as well. She is asking for a loan of US$800 to buy more provisions, drinks and foodstuffs. She is a married mother of four (4) children and has been in business since 1991.
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