Esther T. is 40 years old and married with four children. Esther sells foodstuffs like fish, garri, rice, and plantain. She hopes to expand this business. She is requesting a loan in the amount of 50,000 NGN to purchase more foodstuffs to sell. She says thanks to Kiva lenders and LAPO Microfinance for their financial assistance.
Important InformationThe 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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