Helen sells drinks, provisions and foodstuffs and she has been in this business since 1988. She has been borrowing from LAPO Microfinance for the past 2 years. Helen is 42 years old and she has 6 children. She lives at Ilaje and is requesting a loan amount of N80, 000 to purchase more provisions, drinks and foodstuffs to sell. Helen appreciates the financial assistance provided to her in these hard times. She thanks you.
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