Lawal is 38 years old and has two children. She is married to A. who is a taxi driver. Lawal sells provisions and drinks. She hopes for the loan amount of N 140,000 to purchase more provisions and drinks to sell. She says that the profits from this business will be added to the family savings to enhance the children’s education.
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