Hannah is 37 years old and married with six children. She is the leader of a lending group under LAPO MICROFINANCE. Hannah produces and sells yogurt ice cream. She has a bicycle boy who assists her in the sale of ice cream. Also, some of her customers buy in bulk to sell to school children. Hannah needs the loan amount of $850 to purchase one deep freezer in order to meet the increasing demands of her customers. She says when she meets the demands of customers, she will not lose them to competitors. Hannah says thank you to all that made this loan possible.
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