J. is happy with her drinks business and has been doing it for some time now. She normally buys her drinks from a distributor and restocks every three weeks. She is 44 years old and married with three children. J. wants to use her loan to purchase more drinks to help her to support her family and make her business grow. Though her husband is a civil servant, with her business they are able to carry the family along. She needs a loan of N100,000 to purchase more drinks to sell. She resides in Lagos and she thanks Kiva lenders for the loan.
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