Mrs. Anthonia O. is 54 years old, is married, and has seven children. She lives in Asaba town in Delta State, where she owns a restaurant selling all kinds of African dishes and drinks to people in her community. She learned the business from her sister and started her own restaurant in 1995. She is requesting a loan of $1,175 to buy a generator that would enable her to cool drinks and foodstuffs. She has been with LAPO for two years.
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