Grace is 37 years old and married with three children. Her children are doing well in school. She hopes for the loan of 170,000 NGN in order to purchase more foodstuffs and drinks to sell. Grace has been a member in LAPO microfinance with a good record. She thanks Kiva and LAPO for their initiatives.
Important InformationThe 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
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