Edna O. is 30 years old and married with 4 children. Her husband also works to support their home. Edna has a good relationship with LAPO. She sells kerosene at retail prices and she also has a poultry farm where she rears poultry birds to sell. With these combined businesses, she hopes to support her husband to meet the basic family needs. Edna has requested a loan of NGN 100,000 to purchase more kerosene 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