Simbiat is 45 years old and married with five children. She sells kerosene and foodstuffs like rice, garri, yam etc. She has been in this business for a long time. Simbiat requests a loan of $550 to purchase more kerosene to sell. She says thank you to all Kiva lenders and she promises to pay back promptly.
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