Happiness O. sells clothes in her shop. She lives in Okoko, Lagos state, Nigeria. Happiness travels to Ogun state (a journey of 2 hours by car) twice a month to purchase clothes to sell in Lagos state. She is 38 years old and married with two children. Happiness is a LAPO client, and needs a loan to purchase more clothes to sell. She remains grateful to LAPO Microfinance and Kiva lenders for their financial 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