Mrs. Bose B. makes a living selling books and various types of stationery and supplies. She has been in this business since 1998, and studied her trade for several years before opening a shop. Bose is 34 years old and married with two children. She has been a client at LAPO Microfinance for the past three years. Bose lives in the town of Issashi in Lagos State, Nigeria. She needs a loan of $850 to buy more items to sell from her shop.
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