Janet is a businesswoman who loves selling groceries at retail prices to her customers and hopes to own a supermarket in the future. She is requesting a loan of N50,000 from LAPO, with whom she has a good relationship, to purchase more groceries to sell. A 35-year-old mother of four children, Janet is married to a commercial driver who also supports their home. She says thank you to all Kiva lenders.
Lift Above Poverty Organization is committed to improving lives in Nigeria and elsewhere in Africa.
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