| Location: | Benin City, Nigeria | Repayment Term: | 10 months (more info) |
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|---|---|---|---|---|
| Activity: | Paper Sales | Repayment Schedule: | Monthly | |
| Loan Use: | To purchase newspapers to sell | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
Kate is a LAPO client. She needs the loan of N100,000 to purchase more newspaper to sell. She says "thank you" to all who made this loan possible.
Important Information About This Loan
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
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Repayment Received
