Theresa is a 25 years old woman who is married with no children and lives in Benin City, Edo State, Nigeria. She learned her business for two years before she started her own business in the year 2003. She sells weavons, relaxers, drinks, and recharge cards. According to her, the loan of $250 will boost her business.
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