Grace E. sells foodstuffs. She learned this business for 3 weeks and started her own business in 2008. Grace is 39 years old and married with 3 children, she lives in lagos State, Nigeria. She needs the loan amount of US$875 to buy more foodstuffs for sale. She says thanks to Kiva and its lenders.
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