Magdalene is 35 years old, married and has 2 children. Her husband is a mechanical engineer. Magdalene is a LAPO client; she has been with LAPO for 4 years. She owns a grocery store where she sells groceries and drinks at retail prices. Magdalene is requesting a loan of NGN 100,000 to purchase more groceries and drinks 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