Idiale E. is 25 years old and single. She sells clothes and sarongs by hawking, carrying her goods on her head from street to street. Idiale believes that this is the best way to advertise her goods. Now Idiale has applied for a loan in the amount of N50,000 to purchase more clothes and sarongs to sell. She says thank you for your help.
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