Fatimo A. is 29 years of age, married with 3 children, and comes from Lagos State Nigeria. She sells drinks, juice, recharges cards and also makes phone calls. She acquired the skill for 2 years and has been operating her business since 2001. Fatimo has being borrowing from LAPO Microfinance for the past 3 years and she is soliciting for a loan of $875 to enable her to buy more lines, recharge cards and drinks so that she can meet the high demand of her numerous customers and increase her profitability.
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