Gloria lives in Lagos, Nigeria. She sells clothes and jewelry. She has been in the business for the past 5 years. Gloria has been borrowing from LAPO for the past 2 years. Gloria is 34 years old and she has 4 children. She is requesting a loan of N100,000 to purchase more clothes and jewelry to sell. She thanks you.
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