Bose O. is 35 years old and she is a widow with 4 children. She is a registered nurse and she has a clinic attached to her house. She has created a small hall that contains three sick beds where she admits sick patients and another part is a labour room. At the back of her house she built a small poultry farm of about 90 birds. She is requesting the loan amount of N100, 000 to purchase more medicine to sell and also to purchase more birds for her poultry business. She says thank you to all Kiva lenders for their financial support and 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