Esther O. sells second-hand shoes. She hopes to expand her business. She travels to Cotonou to purchase second-hand shoes to sell in Warri, Delta state, Nigeria. She is 49 years old and married with seven children. She is asking for a loan of $950 to purchase more shoes to sell. Esther says thanks to all who made this loan possible.
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