T. Adegoke is the mother of 4 children. She is 44 years old and married. She lives at Jakunde – 0koko, Lagos State, Nigeria. She sells foodstuffs and provisions. She has been borrowing from LAPO Microfinance for the past 4 years. She is requesting a loan of $1,200 to buy more foodstuffs and provisions in order to increase her profits.
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