Iyabo J. sells frozen food, such as turkey and chicken, a skill that she acquired over 3 years. She has been in this business since 1993. She is 42 years old and is married with 5 children. She has been borrowing from LAPO Microfinance for the past 4 years. Iyabo needs a loan of $1200 to buy more frozen food to sell. She thanks you for your support.
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