Basurat sells provisions like noodles, candles, bathing soap, detergent, etc. She is a LAPO client and she is the leader of her lending group. She is 50 years old and she is married with 5 children. She lives in Ogbomosho, Oyo state, Nigeria. She says thanks to Kiva lenders and Lapo microfinance 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