Mrs. Maria A. is 49 years old, married with 4 children, and lives in Benin City. She sells provisions, foodstuff and drink. She is seeking a loan of $200 to buy more provisions, foodstuff and drink. She started her business in 2004 and acquired her knowledge over 3 months. She has been with LAPO for 1 year as a client.
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