Toyin O. is 40 years old, married and has three children. For the past eight years, Toyin has been selling Nigerian soup ingredients like dry pepper, crayfish, local seasonings, and melon seeds. She is seeking a loan of $450 to buy more soup ingredients to allow her to expand her customer base. Toyin is very happy with her business but would like to see it grow so she can better provide for her children. She thanks you for your support.
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