Bello F. has been selling firewood in her community of Okoko, Lagos State, Nigeria for the past seven years. Women in Nigeria use firewood for cooking if they cannot afford kerosene and gas. She is 39-years-old and married with three children.
She is requesting a loan amount of $1200 to buy more firewood for sale so that she can meet the demands of her numerous 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