Chidima O. is a 35 year old married woman with 3 children, who lives in Ajangbadi, Lagos, Nigeria. She has been in business since 1993. She now needs a loan in the amount of $700 to enable her to buy more medicine for sales. This loan will help her 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