Ngozi sells groceries and food to make a living. She hopes to own a super market in the future. She is requesting a loan of NGN 100,000 to purchase more groceries and food to sell. This is the high season for sales and she hopes to make more profits during this season. Ngozi is 31 years-old and married with five children. Her eldest child is 16 years-old and her children are excelling in school. She is a hard working woman and she sells for long hours to support her home. She is a LAPO client. LAPO (Lift Above Poverty Organization) is committed to improving lives in Africa, particularly Nigeria. She says thanks to 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