Maria E. is 50 years old, and a widow with two children. She has been selling provisions, foodstuffs and drinks since 2002; this is a trade that she learned from her uncle.
She has been with LAPO for the past four years. She intends to use the loan of US$350 to buy more kerosene, provisions and drinks for sale.
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