Lametu's business is selling and milling rice. She is 50 years old and married with 10 children. She needs a loan of $700 to buy a milling machine and more bags of rice to sell. Lametu is from Agbede in the Edo State of Nigeria. She started in the business 30 years ago.
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