Mrs. Anike D. is a 45-year-old woman who lives in Asaba, Delta State. She is married and has eight children. She sells provisions, foodstuffs, and drinks, She studied the business for three years before opening her store in 1975. She is requesting a loan of $800 to buy provisions, foodstuffs, and drinks to sell. She has been a member of LAPO for three 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