Muyibout is 42 years old and married. She has 5 children. Muyibout sells medicinal herbs and native pots used to steep herbal teas. Muyibout’s family is very grateful to LAPO Microfinance and Kiva for their financial support. Muyibout is asking for a loan of N140,000 ($1200) to increase her inventory of traditional herbal pots and herbs.
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