Elizabeth sells firewood and cassava. She studied her trade for 6 months. (Cassava is an important food staple because akpu, a local food, is made from cassava. To make akpu, cassava is soaked in water for days. When it is fermented, it is filtered and the resulting content is squeezed, cooked for 30 minutes, and tied in a small nylon for sale.) Elizabeth needs the loan of $600 to buy more cassava and firewood for sale.
Important InformationThe 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
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