Blessing sells charcoal at her house. She has been in this business for the past six years and she has been borrowing from LAPO for the past two years. Blessing is very determined and optimistic about the growth of her business and the prosperity of her family. She is 36 years old and married with seven children. Blessing hopes for a loan of N150,000 to purchase more charcoal 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