Aina I. is 38 years old, married with five children and lives in Ajamgbadi town in Lagos State, Nigeria. She is a stylist who sells beauty supplies, and also runs a grinding machine used to process farm items such as pepper and beans. Aina has been a LAPO client for the last three years, and has applied for a new loan of $450 to buy supplies for her salon.
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