Victoria A. is 33 years old, married and has 2 children. She has been a LAPO member for 6 years and is the secretary of her group. She styles hair for people in her community. She needs a loan of $850 to purchase an additional dryer and rent a bigger store in order to serve her customers better.
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