M. Ogeleyinbo sells provisions and foodstuffs in Isheri olofin, Lagos State, Nigeria. She is 41 years old and married with 4 children. M. learned the grocery business from her sister over a period of 3 years and has been in the business since 2004. She has been borrowing from LAPO Microfinance for the past 2 years. She needs a loan of US$425 to buy more provisions and foodstuffs for sale. She is grateful 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