Mrs. Charity E. is a 27 year old lady and is married with 3 children. She lives in Benin City and is a professional hairdresser. She is requesting a loan of $275 to buy more weave-on, hair cream, relaxer and attachment. She has been in business since the year 2000 and is a LAPO 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