A 35 year-old woman, Mrs. Ifeoma E. is married with four children. She lives in Benin City where she sells cooked food to the people in her community.
She is requesting the loan of $875 to buy more foodstuffs for cooking. She has been in this business since 1992 and has had three years of training in this business. She 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