Ilenikhene I. is 44 years old and a widow with 2 children. Her eldest child is studying pharmacy and the youngest child is studying business administration in the university. She sells palm and groundnut oil both wholesale and retail to her customers. Ilenikhene is requesting a loan of $600 to purchase more palm and groundnut oil to sell. She says thanks to all 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