Mrs. Maria A. is 47 years old, married with 5 children. She has been a LAPO client for 6 years. She is from the eastern part of the country but lives in Benin City. Maria deals in clothing and shoes and has been in this business since 1992. She needs the loan amount of $1175 for the purchase of clothes and shoes 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