Amaka N., 35, has been selling prepared foods and beverages in her restaurant for the past four years. She learned this business on her own. She is married, has four children, and lives in Okoko, Lagos State, Nigeria.
Amaka has used loans over the past three years to improve her business. She is requesting a new loan to purchase a larger inventory of drinks and food items for resale.
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