Rose A. is 40 years old and is married with 5 children. She lives in Okoko, Lagos State, Nigeria. She sells drinks and cooked food. She learned the restaurant business for one year before going into the business 15 years ago.
Rose has been borrowing from LAPO Microfinance for the past 3 years. She needs a loan of $600 to buy more food and drinks to meet the demands of her customers.
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