'I sell drinks to people living in my community and the neighbouring town', says Mrs. Kate O., who is 36 years, married and has 3 children. She lives in Benin City of Edo State. She is a LAPO member and in this business for 3 years. She is in need of $550 to buy more drinks for sale. This, she said, would help her serve her customers better and will equally help her to make more profit.
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