Toghanro L. is 38 years old and married with 4 children; she lives in Benin City with her family. Toghanro sells timber. She learned this business in 3 years, and she started her own business in 1992. She has been a LAPO client for 5 years now, and she is requesting the loan amount of $1,200 to buy more timber for sale.
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