Stella is 36 years old, married and blessed with three children. Her husband is a civil servant and the family lives in Lagos state. Stella sells all kinds of gravel and sand for house building and other construction work. She buys her goods by the riverside and supplies them to builders in town.
Stella is requesting a loan in the amount of NGN 170,000 to enable her to make more trips to obtain gravel and sand to meet the increase in demand. She expresses her gratitude to all 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