Funmilayo Akinnade is a 48-year-old married woman with five children. To earn a living and to support her family, she sells crates of eggs. She is now requesting a loan in the amount of $700 (100,000 NGN) to purchase more crates of eggs for resale purposes. She thanks Kiva and all its lenders for their 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