Mrs. Remi J. is 36 years old, married with 4 children and hails from Mushin, Lagos State. She sells foodstuff and flour. She has been in business since the year 2001 and is now requesting a loan of $800 to buy more food items and flour to sell. She has been a LAPO client for the past 4 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