Jemilatu is a LAPO (Lift Above Poverty Organization) client. She is requesting a loan of $700 USD to buy a deep freezer so that she can start selling sachet water. She will also use the money to buy a generator so that she can have a constant supply of electricity. She extends her thanks to all Kiva lenders.
Important InformationThe 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
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