Fatima A. is 30 years old and married with 3 children. Fatima sells foodstuffs and baby things. She sells foodstuffs like rice, beans, garri, etc. Her store is located at the front of her house on Textile Mill Road, Benin City, Edo state, Nigeria. Fatima is a client of LAPO [Kiva's Field Partner]. She needs the loan amount of N140,000 to purchase more foodstuffs and baby things to sell. She wants to expand her business. She says thank you to all Kiva lenders for their financial support and to LAPO MICROFINANCE for their business training.
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