Marry is 48 years old. She is married and has 4 children. Mary is a farmer. Mary works on her farm every day of the week from 6:30 am to 4:00 pm. She cultivates pumpkin, corn, and other vegetables. Mary lives in Ketu, Lagos state, Nigeria. She is a LAPO Microfinance client. She is asking for a loan of N120,000 ($1025) to purchase pumpkin seeds to sow and insecticides to control pests. Mary says thank you to Kiva lenders.
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