Nike A. is 47 years old and married with two children. For many years, she has managed a business in Lagos, Nigeria, that rents out chairs, pots, and coolers for social gatherings. Nike's business also decorates halls and caters some of these occasions. In order to expand her business, she requires a loan of $700, which will allow her to purchase more goods to rent to customers.
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