Mary O. sells foodstuffs like tubers of yam, plantain, garri, and cocoa yam. She also makes and sells beads. She learned how to make beads from her mother. Mary is 30 years old and married with a child. She is a client of LAPO. She needs the loan amount of $850 to buy more foodstuffs for sale and bead materials for her to make more beads. This, she says, will enable her satisfy her numerous customers. She says thank you.
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