Kate E. is 40 years old, married with two children and lives in Benin City, Nigeria, where she makes a living selling groceries. She studied this business for 12 months before opening her store in 1999. She is requesting a loan of $1,200 to buy more supplies to sell. She has been a LAPO client for six years.
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