Mrs. Benedicta A. is 42 yrs old, married with 7 children, and lives in Benin City. She sells yams and dried fish; she learned this business for 2 months and then started her own in 1996. According to her, when given a loan she will be able to buy more dried fish to be sold. She is a LAPO member (the lender).
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