Airen O. is 34 years old and still single. She lives in Benin City. She needs the loan amount of N102,000 to purchase more sarongs to sell in this festive period. She travels to the Onitsha main market in Anambra State to purchase sarongs to sell in Benin City. Airen has no store, but she hawks the sarongs along the major streets of Benin City. She says thank you to all 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