Mrs. Elizabeth U. is 57 years old and lives in Benin City; she is married and has children. She sells drinks. She learned the business from her sister and started her own business in 2002. She is seeking a loan of $1,175 to enable her to buy more drinks to sell. She is a member of LAPO.
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