Being a LAPO member is not a mistake for me. I have been with LAPO for four years as a secretary of my union. I hope to improve my business and standard of living for my family through the US$325 loan I have requested, says Mrs. Grace U., who has 17 years of experience in the business of selling foodstuffs and provisions. She is married and has four children, and lives in Benin City, in the Edo State of Nigeria.
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