Mrs. Stella O. is 38 years old of age. She lives in Benin City and is married with 6 children. She sells fabric and rubber slippers. She trained in her business for 6 months and started her own in 2002. She is requesting a loan to buy more fabric and slippers for sale. She is a LAPO member.
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