Mrs. Magdalene I. is 51 years old and married with seven children. She lives in Benin City in Edo State in Nigeria. She sells kerosene, a trade she learned from a friend. She started her business in 2004. She is requesting a loan of $875.00 to enable her buy more kerosene to sell.
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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