Lucy O. sells roasted beef (called 'poomo' in Nigeria). Roasted beef is used in the preparation of Nigerian soup. Lucy is requesting the loan amount of 100,000 NGN to purchase more beef to roast and sell to her customers in Benin City, Edo State. She sends her thanks to all Kiva lenders.
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