Catherine E., 50 years old and married with five children, owns a groceries and beef shop selling both provisions and drinks. With an increase in her volume of customers, she wants to increase her stock and is therefore requesting a loan of $600 to buy more beef to sell. Selling more products will help Catherine increase her profit level, the proceeds of which will help in supporting her children's education. 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