Helen is 40 years old, married with 4 children. She owns a grocery store where she sells groceries and drinks. Her husband also works to support their household. She is a LAPO client. Helen says her expectations are to grow her business and to be able to provide her children with the basic needs of life. She is requesting a loan of NGN 80,000 to purchase more groceries and drinks to sell. She says a big thank-you 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