Mrs. Grace O. owns a restaurant, where she sells drinks and water. She is 63 years old and married with 6 children. She lives in Benin City in the Edo State of Nigeria. She needs $400 to buy more drinks to sell. She has been in business since 1972 and she has been recieving loans from LAPO for 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