Margaret O. is an experience businesswoman. She is 54 years old, married and a mother of 8 children. She sells birds and fish in the market. She is a member in one of the LAPO unions She has been in this business since 2003. Margaret needs the loan of US$1175 to buy more birds and fish for sale.
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