Mercy Ogieriakhi is a 40 years old, divorced mother with 8 children. She lives in Benin City and sells food and drinks. She is requesting a loan of $325 to enable her to buy more drinks and foodstuff for re-sale. She always goes to the village to buy foodstuff and sells it in the city. She has been in this business since 1987 and is a dedicated LAPO client.
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