Chidinma O. is 27 years old, married with 3 children. She has a laundry shop where she does laundry service for people. She plans to purchase some laundry equipment such as an electric iron and a fairly-used laundry machine. She needs the loan to purchase this laundry equipment. She says thanks to Kiva and all 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