Felicia O. is a 60 year married woman with 9 children. She sells palm oil and yams. She buys her yams from the western part of Nigeria while the palm oil is purchased from Delta State. The demand for her yams and palm oil is very high. Palm oil is used in the preparation of Nigerian soups like Banga & Egusi soups. She is requesting a loan of $700 to buy more yams and palm oil for sale.
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