Since 2008, Uzoma has had a shop selling handbags which she buys in bulk at a discount outside of Lagos. Uzoma is 37 years old, married and has five children; her business allows her to care for her aged parents who are living with her and support her husband in meeting their family expenses. She is now requesting a loan of NGN 100,000 to purchase more handbags to sell and thanks you for your support, promising to repay her loan on the due date.
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