Alice sells notebooks and textbooks. Alice is 44 years old and married with 6 children. Alice is determined to eradicate the poverty situation that has engulfed her family. Alice lives in Ibiye, Lagos state, Nigeria. She needs the loan to purchase more notebooks and textbooks to sell. She says thank you to LAPO Microfinance and Kiva lenders for their financial support.
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