Mrs Iyabo O. has been a LAPO member for the past 4 years. From the money she borrowed she invested in her business, which has experienced tremendous increases. At 65 years of age, with 4 children, she has been a widow for the past 20 years. It has not ben easy for her. Nevertheless, she is determined and enthusiastic to lift her family above poverty and to increase the prosperity of her business. She sells foodstuffs and is is now requesting a loan of $450 to enable her to buy more items for sale. She thanks you.
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